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The Local Industry Superannuation Plan,a Defined Contribution Superannuation Plan,had the Following

Question 12

Multiple Choice

The Local Industry Superannuation Plan,a defined contribution superannuation plan,had the following assets at the dates shown:
30/6/20x930/6/20x0 Asset  Cost  Market Value  Cost  Market Value  A $140$200$140$300 B 620600620650 C 95010009509801710180017101930 D 750800E14001410$460$2600$3110$3340\begin{array}{l}\begin{array}{crr}30/6/20x9&&&&30/6/20x0\\\text { Asset } & \text { Cost }& \text { Market Value } && \text { Cost }& \text { Market Value }\\\text { A } & \$ 140 & \$ 200 &&\$140&\$300\\\text { B } & 620 & 600 &&620&650\\\text { C } & 950 & 1000 &&950&980\\& 1710 & 1800 &&1710&1930\\\text { D } & 750 & 800&&--&--\\E&--&--&&1400&1410\\&\$ 460& \$ 2 600&&\$3110&\$3340\\\end{array}\\\end{array}
Asset D was sold during the year ended 30/6/20X0 for $840; asset E was acquired during the year ended 30/6/20X0.
 For the year ended 30/6/20×0 :  Interest revenue (interest, dividends, etc)  totalled $1500 Contributions from members of the fund totalled 500 Contributions from employers of members of the fund totalled 1000 Administration expenses paid by the fund totalled 200 Benefits paid to members totalled 500\begin{array}{l}\text { For the year ended } 30 / 6 / 20 \times 0 \text { : }\\\begin{array} { l r } \text { Interest revenue (interest, dividends, etc) totalled } & \$ 1500 \\\text { Contributions from members of the fund totalled } & 500 \\\text { Contributions from employers of members of the fund totalled } & 1000 \\\text { Administration expenses paid by the fund totalled } & 200 \\\text { Benefits paid to members totalled } & 500\end{array}\end{array} The statement of cash flows for the year ended 30/6/20X0 should show for 'Net cash flows from operating activities' an amount of:


A) $2040
B) $2000
C) $770
D) $2680

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