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Please show me how to calculate this as the answer is D THanks 44. Sonic Co Ltd provides the following information for the period ended
Please show me how to calculate this as the answer is D
THanks
44. Sonic Co Ltd provides the following information for the period ended 30 June 2015: $000 8001 550 120 130 75 400 6001 Opening balance loans Closing balance loans Opening balance of interest payable Closing balance of interest payable Interest expense Opening balance trade creditors Closing balance trade creditors Opening balance of share capital Closing balance of share capital Opening balance of dividends payable Closing balance of dividends payable Dividends proposed (statement of comprehensive income) Opening balance asset revaluation reserve Closing balance asset revaluation reserve Purchase of land for shares with market value of 3 000 3 900 430 520 5201 9901 8401 700 During the period Sonic Co Ltd issued debentures with a face value of $1 000 000 at a premium of $560 000. All transactions are in cash unless otherwise indicated. What is the net cash flow from financing activities for the period? A. Net cash outflow $480 000 B. Net cash outflow $290 000 C. Net cash inflow $270 000 D. Net cash inflow $1 080 000Step by Step Solution
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