Question 10 and 11. The working

The following information was extracted from the records of Ustinof Limited: Opening balance of equipment, $360 000 Closing balance of equipment, $400 000 Cost of new equipment, $80 000 Proceeds from sale of equipment, $6000 (Cost $40, 000, Carrying amount $10, 000) The total cash flows from investing activities is determined as: a) $40 000 cash outflow. *b) $74, 000 cash outflow. c) $76 000 cash outflow. d) $80 000 cash outflow. 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? a) $2000 net cash inflow. b) $6000 net cash inflow. *c) $(2000) net cash outflow d) $(4000) net cash outflow