The following information was extracted from the records of Violet Limited:

1. A new machine was purchased at a cost of $57202.

2. Proceeds from sale of an existing machine is $110631. This machine was recorded at a cost of $180919.6 and carrying amount of $95720 prior to the sale.

Determined  the net cash flows amount from investing activities.

Answer rating: 100% (QA)

The net cash flows from investing activities can be calculated as follows Net cash flows from inv... View the full answer