Solved

Olly Limited Undertook the Following Transactions During the Year Ended \bullet

Question 2

Multiple Choice

Olly Limited undertook the following transactions during the year ended 30 November 2021:
\bullet Issued 20,000 new shares at a price of £1.50 per share.
\bullet Made £6,000 of repayments on the business loan.
\bullet Received dividends of £1,000 from Molly Limited.
\bullet Paid loan interest of £750.
\bullet Paid dividends of £10,000.
\bullet Received £500 bank interest.
\bullet Paid overdraft interest of £125.
What is Olly Limited's net cash inflow from financing activities for the year ended 30 November 2021?


A) £3,125
B) £13,125
C) £13,625
D) £14,625

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents