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The company made a net profit after tax of $20,000 for the period ending 30 June 2019. The company issued $10,000 worth of bonus shares
The company made a net profit after tax of $20,000 for the period ending 30 June 2019. The company issued $10,000 worth of bonus shares out of revaluation reserve. The company issued new bonds on 30 June 2019. Extracted balances of liability and equity accounts are listed below: 30 June 2019 30 June 2018 $ $ Accounts Payable 60,000 70,000 Interest Payable 55,000 10,000 Short term loan 50,000 20,000 Bonds payable 100,000 0 Bonds premium 10,000 0 Share capital 250,000 200,000 Revaluation reserve 20,000 30,000 General reserve 15,000 10,000 Retained profits 65,000 50,000 How much was the net cash flow from financing activities for the year ended 30 June 2019? Ignore tax implications. (1 mark) In your answer, include numbers only. No text, no commas, no signs or symbols etc. $
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