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What amount will appear under cash flows

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Reference no: EM132969613

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: EM132969613

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