Angela Limited undertook the following transactions during the year ended 31 March 2020:
Paid £100,000 to acquire new property, plant and equipment.
Sold redundant plant and equipment. The redundant plant and equipment had cost £35,000 and had a carrying amount of £20,000 at the date of disposal. The sale made a loss on disposal of £5,000.
Received interest of £3,000 from the bank.
Paid interest of £6,000 on a bank loan.
Received dividends from BG Plc of £2,000.
Paid dividends of £25,000.
What is Angela Limited's net cash outflow from investing activities for the year ended 31 March 2020?
A) £70,000
B) £76,000
C) £80,000
D) £95,000

Question

Quizplus · Accepted Answer

The Answer of Angela Limited undertook the following transactions during the year ended 31 March 2020:
Paid £100,000 to acquire new property, plant and equipment.
Sold redundant plant and equipment. The redundant plant and equipment had cost £35,000 and had a carrying amount of £20,000 at the date of disposal. The sale made a loss on disposal of £5,000.
Received interest of £3,000 from the bank.
Paid interest of £6,000 on a bank loan.
Received dividends from BG Plc of £2,000.
Paid dividends of £25,000.
What is Angela Limited's net cash outflow from investing activities for the year ended 31 March 2020?
A) £70,000
B) £76,000
C) £80,000
D) £95,000

Angela Limited Undertook the Following Transactions During the Year Ended