Lions Plc engaged in the following activities for the year ended 30 June 2014:
Sold shares in Kangaroo Plc for €70 000.The investment had a carrying amount of €66 000.
Purchased shares in Cats Plc for €52 000
Purchased government bonds for €100 000
Issued Lions Plc 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)
Correct Answer:
Verified
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