QUESTIONREQUIREDUse the information provided below to prepare the Cash Flow Statement of Jonah Ltd for the year ended 31December 2022. (Some of the figures have already been entered in the answer book.)INFORMATIONThe Statement of Comprehensive Income of Jonah Ltd for the year ended 31 December 2022 andStatement of Financial Position as at 31 December 2021 and 2022 are as follows:STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2022SalesCost of salesGross profitOther operating incomeGross incomeDistribution expensesAdministrative expensesEarnings before interest and taxInterest incomeInterest expenseEsmings before taxCompany taxEarnings after interest and taxSTATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER:ASSETSNon-current assetsLand and buildingsPlant and machineryCurrent assetsInventoriesAccounts receivableTotal assetsEQUITY AND LIABILITIESEquityOrdinary share capitalRetained earningsNon-current liabilitiesLong-term borrowingsCurrent liabilitiesAccounts payableCompany tax payableTotal equity and liabilities2022R3.2 264 000964 0001 300 000720 000164 000400 000156 0002 984 0001 452 000960 000492 0001 000 0001 000 000532 000440 00092 0002 984 000R2 304 000(1 228 000)1076 00084 0001160 000(260 000)(104 000)796 00068 000(92 000)772 000(184 000)588 0002021R2 200 000964 0001 236 000660 000176 000424 0002 860 000704 000600 000104 0001 600 0001 600 000556 000492 00064 0002 860 000Additional information1. Ninety percent (90%) of the sales was on credit.2. Additional plant and machinery were purchased during 2022. There were no other non-current assetacquisitions or disposals. Depreciation for 2022 amounted to R3 16 000.interim dividend of R200 000 was paid on ordinary shares during 2022. There were 240 000ordinary shares in issue during 2022. The market price of the share was R5.4. The return on equity for 2021 was 18%.

Statement of Cash Flow -A statement of Cash Flow is a financial statement that includes the inflow…

REQUIRED Use the information provided below to prepare the Cash Flow Statement of Jonah Ltd for the year ended 31 December 2022. (Some of the figures have already been entered in the answer book.) INFORMATION The Statement of Comprehensive Income of Jonah Lid for the year ended 31 December 2022 and Statement of Financial Position as at 31 December 2021 and 2022 are as follows: STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2022 Sales Cost of sales Gross profit Other operating income Gross income R 2 304 000 (1 228 000) 1 076 000 84 000 1 160 000

REQUIRED Use the information provided below to prepare the Cash Flow Statement of Jonah Ltd for the year ended 31 December 2022. (Some of the figures have already been entered in the answer book.) INFORMATION The Statement of Comprehensive Income of Jonah Lid for the year ended 31 December 2022 and Statement of Financial Position as at 31 December 2021 and 2022 are as follows: STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2022 Sales Cost of sales Gross profit Other operating income Gross income R 2 304 000 (1 228 000) 1 076 000 84 000 1 160 000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 55PSB: Preparing a Statement of Cash Flows Volusia Company reported the following comparative balance...

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