Question
Carter, a limited liability company has non-current assets with a carrying amount of 2500000 on 1 December 20X7. During the year ended 20 November 20X8,
Carter, a limited liability company has non-current assets with a carrying amount of 2500000 on 1 December 20X7. During the year ended 20 November 20X8, the following occurred: depreciation of 75000 $ was charged to the statement of profit or loss. Land and buildings with a carrying amount of $1200000 were revalued to 1700000 An asset with a carrying amount of 120000 was disposed of for $150000 The carrying amount of non-current assets at 30 November 20X8 was $4200000. In accordance with IAS7 statement of cash flows, what net cash flows from the above transactions would be included within net cash flows, what net cash flows from investing activities for the year ended 30 November 20X8 ?
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