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{"ops":[{"insert":"The CEO of Allied Products considers R20 000 to be a minimum cash balance for operating purposes. As can be seen from the I/S and B/S below, only R15 000 in cash was available at the end of 2010. Since the company reported a large net income for the year, and also issued bonds and sold long-term investments, the sharp decline in cash is puzzling to the CEO.\n2.1 Use the I/S, B/S and attached CFS Spreadsheet to draw up a cash flow statement (CFS) for Allied Products for the year 2010. (22)\nNote the following:\n\u2212 Some of the CFS entries are already calculated and entered on the spreadsheet and must therefore just be transferred to the CFS\n\u2212 Net cash provided by operating activities (R x 103) = 21 \u2212 Net cash used in investing activities (R x 103)= -106\n\u2212 Net cash used in financing activities (R x 103)= 67\n2.2 Briefly explain why the loss on the sale of equipment is recorded as a positive value (R6) and the gain on the sale of long-term (LT) investments is negative (-R20) respectively. (4)\n\n"}]}

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