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Fundamentals of financial accounting

17.2 The capital of a business would change as a result of:

A a supplier being paid by cheque

B raw material being purchased on credit

C non-current assets being purchased on credit

D wages being paid in cash

CHAPTER 18 – THE STATEMENT OF CASH FLOWS

18.1 Extracts from the financial statements of QRS showed balances as
follows:

20X2 20X1
$1 Share capital 150,000 60,000
Share premium 130,000 50,000

A bonus issue of 1 share for every 6 held at the 20X1 year-end occurred during
the year and loan notes of $150,000 were issued at par. Interest of $6,000 was
paid during the year.

What is the net cash inflow from financing activities?

A $240,000

B $302,500

C $308,500

D $320,000

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