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A company had the following transactions during its financial year: took a bank loan of 100,000, bought new equipment for 50,000 and sold old machinery
A company had the following transactions during its financial year: took a bank loan of 100,000, bought new equipment for 50,000 and sold old machinery which had cost 30,000 four years ago and at the moment of selling had accumulated depreciation of 20,000. The machinery was sold at a gain of 5,000. In addition, they revalued land from 230,000 to 280,000.
What amount of net cash flow from investing activities will the company report in its statement of cash flows for the given year?
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