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?

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

View Answer

Answer: B