Given information for questions 8-10: The following information pertains to Tse\

Question

Given information for questions 8-10: The following information pertains to Tse'hlanyane CC: 1. Selected items from the statement of financial position as at 30 June 2018 2017 Member's contribution: Dee Trade payables control (Trade creditors) Non-current portion of long-term loan (Mbhovu Bank) Current portion of long term loan (Mbhovu Bank) Retained earnings Current tax payable Land and buildings at cost.... Furniture and equipment at carrying amount Fixed deposit.. Accrued expense (Water and electricity.)... Inventory Investment: Shares in Wengweni Limited.. 300000 400 000 30 560 80 000 40 000 80 760 8 900 259 050 23 200 90 000 10 040 39 400 105 000 200000 350 000 59 400 120 000 80 000 65 700 4 400 153 600 33 600 5 100 40 600 2. Selected items from the statement of profit or loss and other comprehensive income of Tse'hlanyane CC for the year ended 30 June 2018 Profit on sale of furniture and equipment Depreciation (furniture and equipment).... 800 4 800 68 400 25 000 8000 33500 Water and electricity Insurance Salaries Additional information: and buildings were sold during the year; it is the policy of the company to only sell fixed assets for cash. Land with a cost of R50 000 was bought on credit 2. The fixed deposit and additional member's contribution was made in cash. 3. Tse'hlanyane CC uses the direct method when preparing the cash flow statement. 4. All purchases of inventory are on credit.

Explanation / Answer

Ans C 110000

Solution: Increase in member contribution=300000+400000-200000-350000=150000

Less: Repayment in long term loan = 120000-80000=40000

Net cash flow from financing activities=150000-40000= 110000

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