Lions Ltd engaged in the following activities for the year ended 30 June 2014:
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)
Correct Answer:
Verified
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