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The comparative summarised Cash Books of NUASA Nigeria Enterprises is presented for the years ended 31 December 2020 and 31 December 2021.respectively. Additional Information: (1).
The comparative summarised Cash Books of NUASA Nigeria Enterprises is presented for the years ended 31 December 2020 and 31 December 2021.respectively. Additional Information: (1). Motor vehicle which cost N1,200,000, with an accumulated depreciation of N350,000 was disposed off for N810,000. A building, which cost N1,100,000, with an accumulated depreciation of N410,000, was disposed for the sum of N780,000. (2). The sum of N1,100,000 was paid as dividend during the reporting period of 2021, the sum of A210,000 was paid as interest on the long-term loan, while N710,000 was paid as interest on debenture for the period under consideration. Required: Compute the net cash flows from Investing and Financing Activities of the company for the period under consideration. Show all workings ( 20 marks)
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