Good day. kindly assist with Question 3 on the attached image:

Use the information provided in Question two to compile the cash flow statement for the year ended 30 June 2022. Show all workings.
 
 

Transcribed Image Text:

The following extracts of the financial statements of Big Six Industries were presented to you: Statement of Comprehensive Income (Income statement) for the year ended 30 June: 2022 R'000 8 260 (2020) 6 240 (4 860) 1380 (180) 1 200 (320) 880 Sales Cost of sales Gross profit Operating expenses Operating profit Interest expense Profit before tax Tax Profit after tax 2021 R'000 6 060 (1 520) 4540 (3.960) 580 (80) 500 (120) 380 The following extracts of the financial statements of Big Six Industries were presented to you: Statement of Comprehensive Income (Income statement) for the year ended 30 June: 2022 R'000 8 260 (2020) 6 240 (4 860) 1380 (180) 1 200 (320) 880 Sales Cost of sales Gross profit Operating expenses Operating profit Interest expense Profit before tax Tax Profit after tax 2021 R'000 6 060 (1 520) 4540 (3.960) 580 (80) 500 (120) 380

Answer rating: 100% (QA)

To compile the cash flow statement for the year ended 30 June 2022 we need to analyze the changes in cash and cash equivalents from the beginning to t... View the full answer