Parke and Co., a sole trader business, had a net cash outflow from operating activities of £6250 in its financial year ended 31 March 20X5.During the year the business bought non-current assets at a cost of £13 500 and sold non-current assets for proceeds of £3200.Loan interest of £2000 was paid and Jim Parke, the proprietor, introduced further capital of £10 000 in cash.There were no other relevant transactions. What was Parke's net cash inflow or outflow for the year ended 31 March 20X5?
A) Inflow of £12 050
B) Outflow of £18 550
C) Outflow of £8550
D) Inflow of £3950
Correct Answer:
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