Homework answers / question archive / The following information was extracted from the records of Vincent Limited: Opening balance of machinery:        $840 000 Closing balance of machinery:          $960 000 Cost of new machinery:                    $240 000 Proceeds from sale of machinery:       $48 000          (Cost $120 000; Carrying amount $40 000)   The total cash flows from investing activities is determined as: Select one: a

The following information was extracted from the records of Vincent Limited: Opening balance of machinery:        $840 000 Closing balance of machinery:          $960 000 Cost of new machinery:                    $240 000 Proceeds from sale of machinery:       $48 000          (Cost $120 000; Carrying amount $40 000)   The total cash flows from investing activities is determined as: Select one: a

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

Opening balance of machinery:        $840 000

Closing balance of machinery:          $960 000

Cost of new machinery:                    $240 000

Proceeds from sale of machinery:       $48 000         

(Cost $120 000; Carrying amount $40 000)

The total cash flows from investing activities is determined as:

Select one:

a. $192 000 cash outflow.

b. $48 000 cash inflow.

c. $240 000 cash outflow.

d. $288 000 cash inflow.