Prepare the financial statement for the year ended 31 December 2022 that provides details about the cash inflows and cash outflows of Megazone Limited MEGAZONE LIMITED Megazone Limited is well known for its focus on innovation and this is highlighted in the company’s website. The website also tells a story of growth and success in the marketplace. This, combined with the excellent quality products offered, has made Megazone Limited a leader in the marketplace. At the end of 2021 the plant and equipment (at carrying value) totalled R5 000 000, a long-term investment was valued at R400 000, inventories amounted to R2 050 000, R1 750 000 was owed by trade debtors, cash in the bank amounted to R350 000, the ordinary share capital balance was R3 100 000, the accumulated undistributed profits amounted to R2 500 000, an amount of R3 350 000 was owed to Vap Bank in respect of a long-term loan, R270 000 was owed to the trade creditors, R250 000 was owed to shareholders for the final dividend and R80 000 was owed to SARS for income tax. At the end of 2022 the plant and equipment (at carrying value) totalled R6 250 000, the long-term investment was valued at R350 000, inventories amounted to R2 150 000, R1 900 000 was owed by trade debtors, cash in the bank amounted to R500 000, the ordinary share capital balance was R3 100 000, the accumulated undistributed profits amounted to R3 000 000, an amount of R3 600 000 was owed to Vap Bank in respect of the long-term loan, R1 200 000 was owed to the trade creditors, R200 000 was owed to shareholders for the final dividend and R50 000 was owed to SARS for income tax. The depreciation, operating profit, interest expense and income tax
Prepare the financial statement for the year ended 31 December 2022 that provides details about the
MEGAZONE LIMITED
Megazone Limited is well known for its focus on innovation and this is highlighted in the company’s website. The website also tells a story of growth and success in the marketplace. This, combined with the excellent quality products offered, has made Megazone Limited a leader in the marketplace. At the end of 2021 the plant and equipment (at carrying value) totalled R5 000 000, a long-term investment was valued at R400 000, inventories amounted to R2 050 000, R1 750 000 was owed by trade debtors, cash in the bank amounted to R350 000, the ordinary share capital balance was R3 100 000, the
At the end of 2022 the plant and equipment (at carrying value) totalled R6 250 000, the long-term investment was valued at R350 000, inventories amounted to R2 150 000, R1 900 000 was owed by trade debtors, cash in the bank amounted to R500 000, the ordinary share capital balance was R3 100 000, the accumulated undistributed profits amounted to R3 000 000, an amount of R3 600 000 was owed to Vap Bank in respect of the long-term loan, R1 200 000 was owed to the trade creditors, R200 000 was owed to shareholders for the final dividend and R50 000 was owed to SARS for income tax. The
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| Cash and cash equivalents at end of the year | R1,130,000 |
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by Bartleby Expertwhere do you get this amount of Income tax expense R400,000?
by Bartleby ExpertRefer to the investment opportunities for 2023 and calculate the following. (Ignore taxes.)
2.1 Accounting Rate of
2.2
2.3
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