Prepare the cash flow statement for the year

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Reference no: EM13490123

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• Depreciation on machinery (R6 000), and on Equipment (11400) were mistakenly debited to Salaries.

• On 28 February2010 a profit distribution of R6 000 must still be provided by City Hawkers CC and it was calculated that the Income tax expense for the year would be' R16 000. Not yet paid.

• On 28 February 2010 the inventory of merchandise amounted to R9 000.

• No Property, Plant & Equipment were sold or scrapped during the year. All additions were paid in cash.

• All purchases and sales were on credit.

Required:

1. Prepare the Cash Flow Statement for the year ended 28 February 2010.

Reference no: EM13490123

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