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Question 34

Multiple Choice

Use the information below to answer the following questions:
A summary of the entries in the Cash ledger account of Staple Ltd for the month of January was as follows:
$ Opening balance 50,000 Cash from accounts receivable 40,000 Cash sales 25,000 Dividends received 10,000 Cash from issue of shares 60,000 Payments to accounts payable 30,000 Payments for wages 15,000 Purchase of land 20,000 Payment of dividends 20,000 Purchase of plant 45,000 Payment of taxes 25,000 Payment of interest 10,000 Closing balance 20,000 \begin{array}{lr} & \$ \\ \text { Opening balance } & 50,000 \\ \text { Cash from accounts receivable } & 40,000 \\ \text { Cash sales } & 25,000 \\ \text { Dividends received } & 10,000 \\ \text { Cash from issue of shares } & 60,000 \\ \text { Payments to accounts payable } & 30,000 \\ \text { Payments for wages } & 15,000 \\ \text { Purchase of land } & 20,000 \\ \text { Payment of dividends } & 20,000 \\ \text { Purchase of plant } & 45,000 \\ \text { Payment of taxes } & 25,000 \\ \text { Payment of interest } & 10,000 \\ \text { Closing balance } & 20,000\end{array}
-What was the cash flow from investing activities of Staple Ltd?


A) ($5000)
B) ($45 000)
C) ($65 000)
D) ($55 000) .

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