Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following is an extract from the statements of financial position of Tile plc as at 31 December 2019 and 2020 2019 2020 m m

The following is an extract from the statements of financial position of Tile plc as at 31 December 2019 and 2020

2019 2020
m m
Plant and equipment (carrying value) 268 321

During the year to 31 December 2020 the following transactions took place:

  1. Interest received was 11m and interest paid was 19m
  2. Depreciation of plant and equipment during the year was 23m

There were no disposals of non-current assets during the year.

What was the appropriate figure for net cash from investing activities for reporting in the statement of cashflows for the year ending 31 December 2020

A. (65M)

B. (76M)

C. (84M)

D.(87M)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Forensic And Investigative Accounting

Authors: D. Larry Crumbley

3rd Edition

0808017233, 9780808017233

More Books

Students also viewed these Accounting questions

Question

b. Where is it located (hospital, research institute, university)?

Answered: 1 week ago