The following information is taken from the financial statements of Allen-Diggs, a limited liability company. A statement
Question:
The following information is taken from the financial statements of Allen-Diggs, a limited liability company. A statement of cash flows is being prepared. All figures are in thousands.
Non-current assets - carrying amount at start of period 470
Disposal of non-current assets (carrying amount at date of disposal) 27
Purchase of non-current assets 130
Depreciation charge for the year 115
Non-current assets - carrying amount at end of period 458
The selling price of the non-current assets disposed was 31,000. The net amount to be included under Cash Flows from Investing activities in respect of transactions in non-current assets should be a cash outflow of
a. 46,000
b. 99,000
c. 142,000
d. 130,000
e. 118,000
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon