Posted by: Pdfprep
Post Date: February 20, 2021
At 31 May 2010 and 2009 Dron Co had the following balances:
20102009
$000$000
Property, plant and equipment2,1101,945
Ordinary shares of $11,200800
Share premium760500
Long-term loans174550
The depreciation charge for the year to 31 May 2010 was $270,000, and no non-current assets were sold during the year.
What figure should be reported as the net cash flow from investing activities in the statement of cash flows for the year to 31 May 2010?
A . $179,000
B . $435,000
C . $601,000
D . $719,000
Answer: B
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