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QUESTION

If a company issues 1 million 1 shares at 1.30 per share, what will be the effect on the statement of cash flows?

If a company issues 1 million £1 shares at £1.30 per share, what will be the effect on the statement of cash flows?

a) Cash flows from financing activities will increase by £1.3 million.b) Cash flows from investing activities will increase by £1.3 million.c) Cash flows from investing activities will increase by £1.0 million.d) Cash flows from financing activities will increase by £1.0 million.
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