Question

QUESTION TWO The following information shows the financial statements of Home Décor Pty Ltd. Statement of Financial Position for the year ended: 2022 2021 R R Non-Current Assets 727 000 683 000 Property, plant and equipment 956 000 910 000 Accumulated depreciation on PPE (299 000) (285 000) Long-term investments 70 000 58 000 Current Assets 261 000 235 000 Inventory 126 000 60 000 Accounts receivable 85 000 25 000 Prepaid expenses 18 000 20 000 Cash and cash equivalents 32 000 130 000 Total Assets 988 000 918 000 Equity and Liabilities Equity 846 000 750 000 Ordinary share capital 414 000 410 000 Retained earnings 432 000 340 000 Long-Term Liabilities 87 000 105 000 Bonds payable 87 000 105 000 Current Liabilities 55 000 63 000 Accounts payable 16 000 15 000 Income tax payable 39 000 48 000

          QUESTION TWO
The following information shows the financial statements of Home Décor Pty Ltd.
Statement of Financial Position for the year ended:
2022
2021
R
R
Non-Current Assets
727 000
683 000
Property, plant and equipment
956 000
910 000
Accumulated depreciation on PPE
(299 000) (285 000)
Long-term investments
70 000
58 000
Current Assets
261 000
235 000
Inventory
126 000
60 000
Accounts receivable
85 000
25 000
Prepaid expenses
18 000
20 000
Cash and cash equivalents
32 000
130 000
Total Assets
988 000
918 000
Equity and Liabilities
Equity
846 000
750 000
Ordinary share capital
414 000
410 000
Retained earnings
432 000
340 000
Long-Term Liabilities
87 000
105 000
Bonds payable
87 000
105 000
Current Liabilities
55 000
63 000
Accounts payable
16 000
15 000
Income tax payable
39 000
48 000

QUESTION TWO
The following information shows the financial statements of Home Décor Pty Ltd.
Statement of Financial Position for the year ended:
2022
2021
R
R
Non-Current Assets
727 000
683 000
Property, plant and equipment
956 000
910 000
Accumulated depreciation on PPE
(299 000) (285 000)
Long-term investments
70 000
58 000
Current Assets
261 000
235 000
Inventory
126 000
60 000
Accounts receivable
85 000
25 000
Prepaid expenses
18 000
20 000
Cash and cash equivalents
32 000
130 000
Total Assets
988 000
918 000
Equity and Liabilities
Equity
846 000
750 000
Ordinary share capital
414 000
410 000
Retained earnings
432 000
340 000
Long-Term Liabilities
87 000
105 000
Bonds payable
87 000
105 000
Current Liabilities
55 000
63 000
Accounts payable
16 000
15 000
Income tax payable
39 000
48 000

Added by Linda D.

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