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FAC1601 Assignment 4 Semester 2 2024 Solutions / Calculations - Changed amount indicated $2.83   Add to cart
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Exam (elaborations)

FAC1601 Assignment 4 Semester 2 2024 Solutions / Calculations - Changed amount indicated

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  • Course
  • Financial Accounting and Reporting (FAC1601)
  • Institution
  • University Of South Africa (Unisa)

FAC1601 Assignment 4 Semester 2 2024 Solutions - Changed amount indicated . Please make sure to read instructions. Your amount might change with a difference of R100 or R400 etc. Those amount are indicated with Red/Yellow. Please check yours and replace the calculations

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Document information

  • October 21, 2024
  • 22
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • fac1601 assignment 4 semester 2 2024 solutions

Written for

  • University of South Africa (Unisa)
  • Financial Accounting and Reporting (FAC1601)
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, Qumbu Energy Ltd installs wind power turbines for renewable energy projects in OR Tambo District
Municipality in the Eastern Cape. The company services government contracts and private energy firms,
operating from Qumbu with projects mainly along the municipality. In 2023/2024, Qumbu Energy completed
three major installations, growing rapidly as renewable energy demand rises.


The following financial information is presented to you to assist in the preparation of financial statements:


Extract from the statement of financial position information as at 28 February 2024:
2024 2023
R R
Trade payables control 52,300 32,300
Interest payable 17,000 12,300
Dividends payable 15,200 24,300
Long-term loan: IDD Corporation 129,500 346,700
Current tax receivable 38,300 13,700
Bank 71,600 49,400
Inventory 91,200 70,300
Dividends receivable 30,900 18,800
Listed investment at fair value 487,400 391,400
Interest receivable 7,700 11,600
Trade receivables control 86,200 80,600
Loans to director 294,700 313,400
Retained earnings 1,399,800 820,600
Share capital 1,219,000 1,076,600
Revaluation reserve 252,100 177,400
Machinery and equipment at cost 307,100 385,700
Accumulated depreciation: Machinery and equipment 53,600 19,200
Buildings 1,169,000 695,500




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