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Prepare investing activity section of statement of cash flow

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Reference no: EM132989774

The statement of financial position of Bombers Ltd as at 30 June 2020 and 2019 included the following figures:

                                                   30 June 2020                   30 June 2019

Plant                                        $50,000                      $40,000

Accumulated depreciation- Plant   $(14,000)                    $(10,000)

                                                    $36,000                       $30,000

The comprehensive income statement for the year ended 30 June 2020 showed the following figures:

Depreciation - Plant $6,000

Loss on sale of Plant $1,000

The company purchased a new plant costing $16,000 during the year.

Required:

Problem 1: Prepare the investing activities section of the Statement of Cash Flows for Bombers Ltd for the year ended 30 June 2020.

Reference no: EM132989774

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