Investing cash flows LO5 The following information has been compiled from the accounting records of Royal
Question:
Investing cash flows LO5 The following information has been compiled from the accounting records of Royal Ltd for the year ended 30 June 2019. Purchase of land, with the vendor financing $100 000 for 2 years $350 000 Purchase of plant 250 000 Sale of plant: Carrying amount 50 000 Cash proceeds 42 000 Required Determine the amount of investing net cash outflows Royal Ltd would report in its statement of cash flows for the year ended 30 June 2019.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Reporting
ISBN: 978-0730363361
2nd Edition
Authors: Janice Loftus ,Ken Leo ,Sorin Daniliuc ,Belinda Luke ,Hong Nee Ang ,Karyn Byrnes
Question Posted: