Extracts from the statements of financial position of Nedburg are as follows. Statements of financial position as at 30 September: 20X2 20X1 $m $m Ordinary shares of $1 each 750 500 Share premium 350 100 On 1 October 20X1 a bonus issue of one new share for every 10 held was made, financed from the share premium account. This was followed by a further issue for cash. What amount will appear under 'cash flows from financing activities' in the statement of cash flows of Nedburg for the year ended 30 September 20X2 in respect of share issues?
Extracts from the statements of financial position of Nedburg are as follows. Statements of financial position as at 30 September: 20X2 20X1 $m $m Ordinary shares of $1 each 750 500 Share premium 350 100 On 1 October 20X1 a bonus issue of one new share for every 10 held was made, financed from the share premium account. This was followed by a further issue for cash. What amount will appear under 'cash flows from financing activities' in the statement of cash flows of Nedburg for the year ended 30 September 20X2 in respect of share issues?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Extracts from the
Statements of financial position as at 30 September:
20X2 20X1
$m $m
Ordinary shares of $1 each 750 500
Share premium 350 100
On 1 October 20X1 a bonus issue of one new share for every 10 held was made, financed from the share
premium account. This was followed by a further issue for cash.
What amount will appear under '
Nedburg for the year ended 30 September 20X2 in respect of share issues?
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