Practice Activity 9.30 Preparation of cash flows from financing activities for inclusion in the stat

Practice Activity 9.30 Preparation of cash flows from financing activities for inclusion in the statement of cash flows for a company

The following information was extracted from the accounting records of Agunechemba Company in 2019.

Required:

a. Calculate the:

i. Proceeds from the new issue of ordinary shares.

ii. Amount of loan repaid during the 2019 accounting year.

iii. Amount of dividends paid to the shareholders of Agunechemba Company.

b. Present the cash flows generated from financing activities for inclusion in the statement of cash flows for the year ended 31 December 2019.

See the suggested answers to practice activity 9.30 here.

Suggested answers to practice activity 9.30

Agunechemba Company