Reference no: EM132855191
Question - CASH is KING ltd, a limited liability company, has non-current assets with a carry value of 300,000 on 1st December 2019. During the year ended 30 November 2020, the following occurred:
Depreciation of $100,000 was charged to the income statement.
Land and Buildings with a carry value of 150,000 were revalued to 180,000.
An asset with a carrying value of $30,000 was disposed of for 45,000.
The carrying value of non-current assets at 30 November 2020 900,000.
In accordance with IAS7 Statement of Cash Flows, what net cash flows from the above transactions would be included within net cash flows from investing activities for the year ended 30 November 2020?
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