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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
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