If a company issues 1 million R1 shares at R1.30 per share, what will be the effect on the statement of cash flows? Select one: a. Cash flows from financing activities will increase by R1.3 million. b. Cash flows from investing activities will increase by R1.3 million. c. Cash flows from investing activities will increase by R1.0 million. d. Cash flows from financing activities will increase by R1.0 million.
If a company issues 1 million R1 shares at R1.30 per share, what will be the effect on the statement of cash flows? Select one: a. Cash flows from financing activities will increase by R1.3 million. b. Cash flows from investing activities will increase by R1.3 million. c. Cash flows from investing activities will increase by R1.0 million. d. Cash flows from financing activities will increase by R1.0 million.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 6DQ
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If a company issues 1 million R1 shares at R1.30 per share, what will be the effect on the statement of cash flows?
Select one:
a. Cash flows from financing activities will increase by R1.3 million.
b. Cash flows from investing activities will increase by R1.3 million.
c. Cash flows from investing activities will increase by R1.0 million.
d. Cash flows from financing activities will increase by R1.0 million.
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