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

Question 6

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
 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 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 } & 500\end{array}\end{array} The statement of cash flows for the year ended 30/6/20X0 should show for 'Cash flows from investing activities' an amount of:


A) $(560) Net cash used
B) $560 Net cash provided
C) $530 Net cash provided
D) $(530) Net cash used

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