During its year ended 31 May 2024, Algard plc undertook the following transactions: (i) Issued 50,000 50p
Question:
During its year ended 31 May 2024, Algard plc undertook the following transactions:
(i) Issued 50,000 50p ordinary shares at a price of 80p per share.
(ii) Redeemed £200,000 5% loan notes at par.
(iii) Paid corporation tax of £29,000.
(iv) Made a bonus issue of 20,000 new 50p ordinary shares.
(v) Issued £300,000 of new 4% loan notes at par.
(vi) Paid loan note interest totalling £18,000.
Based on the above, what is the net cash from financing activities for this company in its statement of cash flows for the year ended 31 May 2024?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Proceeds from issue of shares 50000 ...View the full answer
Answered By
Tobias sifuna
I am an individual who possesses a unique set of skills and qualities that make me well-suited for content and academic writing. I have a strong writing ability, allowing me to communicate ideas and arguments in a clear, concise, and effective manner. My writing is backed by extensive research skills, enabling me to gather information from credible sources to support my arguments. I also have critical thinking skills, which allow me to analyze information, draw informed conclusions, and present my arguments in a logical and convincing manner. Additionally, I have an eye for detail and the ability to carefully proofread my work, ensuring that it is free of errors and that all sources are properly cited. Time management skills are another key strength that allow me to meet deadlines and prioritize tasks effectively. Communication skills, including the ability to collaborate with others, including editors, peer reviewers, and subject matter experts, are also important qualities that I have. I am also adaptable, capable of writing on a variety of topics and adjusting my writing style and tone to meet the needs of different audiences and projects. Lastly, I am driven by a passion for writing, which continually drives me to improve my skills and produce high-quality work.
1+ Reviews
10+ Question Solved
Related Book For 
Frank Woods Business Accounting An Introduction To Financial Accounting
ISBN: 9781292365435
15th Edition
Authors: Alan Sangster, Lewis Gordon, Frank Wood
Question Posted:
