Extracts from the financial statements of Deuce Co showed balances as follows: 20X9 20X8 $1 Share capital 300,000 120,000 Share premium 260,000 100,000 A bonus issue of 1 share for every 12 held at the 20X8 year-end occurred during the year and loan notes of $300,000 were issued at par. Interest of $12,000 was paid during the year. What is the net cash inflow from financing activities?
Extracts from the financial statements of Deuce Co showed balances as follows: 20X9 20X8 $1 Share capital 300,000 120,000 Share premium 260,000 100,000 A bonus issue of 1 share for every 12 held at the 20X8 year-end occurred during the year and loan notes of $300,000 were issued at par. Interest of $12,000 was paid during the year. What is the net cash inflow from financing activities?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Extracts from the financial statements of Deuce Co showed balances as follows:
20X9 20X8
$1 Share capital 300,000 120,000
Share premium 260,000 100,000
A bonus issue of 1 share for every 12 held at the 20X8 year-end occurred during the year
and loan notes of $300,000 were issued at par. Interest of $12,000 was paid during the
year.
What is the net
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