Which alternatives represents the net cash generated

Assignment Help Financial Accounting
Reference no: EM132644945

Additional information:

1. Depreciation for the year amounted to R2 700.

2. Other income consists of a R6 000 profit made on the sale of shares on the JSE and a dividend income of R600.

3. No other investments were made during the year.

4. An interim profit distribution of R2 800 was paid during the year.

5. The additional membership contributions were made in cash.

6. An additional long-term loan of R2 500 was acquired; repayments on the existing loan amounted to R500 for the year

7. No property, plant or equipment was sold during the year; one computer had to be replaced and was paid for in cash.

Problem 1: Which one of the following alternatives represents the net cash generated from/used in operations in the statement of cash flows of Brilliant CC for the year ended 28 February 2020?

1. R(1 300)

2. R(300)

3. R2 500

4. R6 400

Reference no: EM132644945

Questions Cloud

Which represents net cash flow from in financing activities : Which represents the net cash flow from/used in financing activities amount in the statement of cash flows of Brilliant CC for the year ended 28 February 2020?
Explain recent arrest and conviction of wealthy executives : Critical criminologists view the law and criminal justice sysem as capitalist instruments of control of the lower class and protect the wealthy.
Which represents the net cash flow from : Which represents the net cash flow from/used in investing activities amount in the statement of cash flows of Brilliant CC for the year ended 28 February 2020?
What do you think of ethical concerns the authors discuss : Finally, what do you think of the ethical concerns the authors discuss? Are there any benefits and/or problems you think might be an issue with doing this type.
Which alternatives represents the net cash generated : Which alternatives represents the net cash generated from/used in operations in the statement of cash flows of Brilliant CC for the year ended 28 February 2020?
Describe the legal requirements for reporting covert actions : In 1987, a special review board headed by Senator John Tower recommended to Congress the merger of two intelligence committees. This action resulted in.
What is the critical issue in interpreting the nature : What is the critical issue in interpreting the nature of this transaction? How does interpretation of the critical issue lead to the two different viewpoints
Construct a confidence interval : Construct a 95% confidence interval. The manager of a store wants to estimate the population mean dollar amount spent per purchasing customer.
Make adjusting entry that should be made on December : Give the adjusting entry (or entries) that should be made on 31 December 2019, for each item. If an adjusting entry is not required, explain why

Reviews

Write a Review

Financial Accounting Questions & Answers

  Evaluate jon''s adjusted basis

Evaluate Jon's adjusted basis in his EFG Inc. stock after the distribution?

  Which of the following parties has a legal contract

Question 1: Which of the following parties has a legal contract?

  How much depreciation will he recognize during

Maury Povich, who is the host of a daytime trash tv talk show, purchased a new video camera for $190,000 on January 11, 2014 and another for $110,000 on December 2, 2014. Those were the only depreciable assets he purchased during the year. How much d..

  Purchase and installation costs of equipment

A building in which a car wash could be installed is available under a five-year lease at a cost of $3,300 per month.Purchase and installation costs of equipment would total $305,000. In five years the equipment could be sold for about 10% of its ori..

  Calculate the standard deviation of an investment

Calculate the standard deviation of an investment with five year returns of 10%, 6%, 4%, 2% and (10%). Provide the proper calculation.

  Determine brook streets ending inventory

Determine Brook Street's ending inventory, cost of goods sold, and gross profit for January 2009, assuming the company uses a perpetual inventory system and the following inventory costing methods: (1) FIFO, (2) LIFO, and (3) moving-average.

  Purpose a depreciation schedule for depreciation technique

Purpose a depreciation schedule for each depreciation technique

  Calculate the carrying amount of the development patent

Calculate the research expense, development expense, and development patent cost as it would appear in the accounting records of the Bill and Malinda.

  What is the premium on bonds payable on january

What is the premium on bonds payable on January 1, 2018? What is the equity component arising from issuance of bonds payable on January 1, 2018?

  What are the list of the current liabilities and the amount

Identify the liabilities classified by Apple as current. In the financial statement provided, what are the list of the current liabilities and their amounts?

  Prepare and record the initial journal entry

Prepare and record the initial journal entry and the adjusting entry required on December 31, 2017. On October 1, 2017, Dr. Chan prepaid $8,000 for four months

  Create journal entries for selected transactions

1st Sept purchased inventory from Orion Company on account for $54,050. Darby records purchases gross and uses periodic inventory system.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd