Question : From the following information, calculate Cash Flow from Financing Activities:
| Particulars | 31st march 2020(Rs) | 31st march 2019(Rs) |
| Equity share capital | 20,00,000 | 15,00,000 |
| 12% preference share capital | ......... | 5,00,000 |
| 14% debentures | 2,50,000 | ......... |
Additional Information:
Equity Shares were issued at a premium of 20%.
Question:
If 12% Preference Shares were redeemed at premium 10%
Option 1: Rs 5,00,000
Option 2: Rs 50,000
Option 3: Rs 5,50,000
Option 4: None of the above
Answer (1)
19th Jan, 2024
Correct Answer: Rs 5,50,000
Solution : Answer = Rs 5,50,000
RS 5,50,000(5,00,000+50,000 premium on redemption of preference share)
Hence, the correct option is 3.
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