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What amount appear under cash flows from financing activity

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Reference no: EM132969631

Extracts from the statements of financial position as at 30 September:

                                             2019 (£m)                2018 (£m)

Ordinary shares of £1 each:    750                         500

Share premium:                       350                      100

  • On 1 October 20X1 a bonus issue of one new share for every 10 held was made, financed from the share premium account. This was followed by a further issue for cash.

Problem 1: What amount will appear under 'cash flows from financing activities in the statement of cash flows of for the year ended 30 September 20X2 in respect of share issues?

A £500 million

B £450 million

C £550 million

D £250 million

Reference no: EM132969631

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