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QUESTION 36
Julietta, a limited liability company, has had the following changes in its share capital and
loans during the year.
(i) A bonus issue of $10,000.
(ii) A rights issue of $56,000.
(iii) A repayment of $54,000 10% loan notes.
(iv) A receipt of $45,000 8% loan notes.
What amount would appear under the financing activities heading of the statement of cash
flows?
A $57,000 net inflow
B $57,000 net outflow
C $47,000 net outflow
D $47,000 net inflowD. 56000-54000+45000=47000
Don’t think the bonus issue should be included since its not a cash item.- Topics: 0
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the answer is correct
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