Lions Ltd engaged in the following activities for the year ended 30 June 2009: Sold shares in Kangaroo Ltd for $70,000.The investment had a carrying amount of $66,000.
Purchased shares in Cats Ltd for $52,000.
Purchased government bonds for $100,000
Issued Lions Ltd shares for $100,000
What is the net cash flow used in investing activities?
A) $18,000;
B) ($18,000) ;
C) ($148,000)
D) ($82,000)
E) None of the given answers.
Correct Answer:
Verified
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