In the year ended 31 December 2012 Augustine Plc made a new issue of 7,000 ordinary shares at GH¢4 per share. Part of the consideration was satisfied by transfer of a car valued at GHC12,000. Other successful applicants made cash settlement. Augustine Plc also redeemed a debenture at par of GHC4,000 In accordance with IAS 7 Statement of Cash Flows, what is the net cash flow from financing activities in Augustine Plc’s statement of cash flows for the year ended 31 December 2012? A GH¢28,000 inflow B GH¢12,000 inflow C GH¢16,000 inflow D GH¢4,000 outflow
In the year ended 31 December 2012 Augustine Plc made a new issue of 7,000 ordinary shares at GH¢4 per share. Part of the consideration was satisfied by transfer of a car valued at GHC12,000. Other successful applicants made cash settlement. Augustine Plc also redeemed a debenture at par of GHC4,000 In accordance with IAS 7 Statement of Cash Flows, what is the net cash flow from financing activities in Augustine Plc’s statement of cash flows for the year ended 31 December 2012? A GH¢28,000 inflow B GH¢12,000 inflow C GH¢16,000 inflow D GH¢4,000 outflow
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In the year ended 31 December 2012 Augustine Plc made a new issue of 7,000 ordinary shares at GH¢4 per share. Part of the consideration was satisfied by transfer of a car valued at GHC12,000. Other successful applicants made cash settlement. Augustine Plc also redeemed a debenture at par of GHC4,000
In accordance with IAS 7 Statement of Cash Flows , what is the net cash flow from financing activities in Augustine Plc’s statement of cash flows for the year ended 31 December 2012?
A GH¢28,000 inflow
B GH¢12,000 inflow
C GH¢16,000 inflow
D GH¢4,000 outflow
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