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.
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter13: Statement Of Cash Flows
Section: Chapter Questions
Problem 6BE: Common stock transactions on the statement of cash flows Jones Industries received 600,000 from...
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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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