The Following Information Was Extracted from the Records of Ustinof $\bullet$

question 25

Multiple Choice

The following information was extracted from the records of Ustinof Limited:
$\bullet$ Opening balance of Equipment: $360 000
$\bullet$ Closing balance of Equipment: $400 000
$\bullet$ Cost of new Equipment: $80 000
$\bullet$ Proceeds from disposal of Equipment: $6000 (Cost $40 000; Carrying amount $10000)
The total cash flows from investing activities is equal to:

• A) $40 000 cash outflow;
• B) $74 000 cash outflow;
• C) $76 000 cash outflow;
• D) $80 000 cash outflow.