Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A company reported the following information for a financial year: Profit from ordinary activities before income tax expense 72 000 Income tax expense 20 000
A company reported the following information for a financial year:
Profit from ordinary activities before income tax expense | 72 000 |
Income tax expense | 20 000 |
Depreciation expense | 8 000 |
Issue of shares | 40 000 |
Loan made to another company | 6 000 |
Increase in accounts receivable | 1 000 |
Decrease in inventories | 2 000 |
Cash received from loans receivable | 4 000 |
Dividends paid | 2 000 |
What is the net cash inflow (outflow) from investing activities?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started