Answered: A company has the following extract…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 14MC: If beginning cash equaled $10,000 and ending cash equals $19,000, which is true? A. Operating cash...

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A company has the following extract from a statement of financial position.

20X7 20X6

$'000 $'000

Share capital 2,000 1,000

Share premium 500 –

Loan stock 750 1,000

What is the cash flow from financing activities for the year?

A $1,250 inflow

B $1,750 inflow

C $1,750 outflow

D $1,250 outflow

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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