Heady Ltd provides the following information for the period ended 30 June 2014:
During the period Sonic Co Ltd issued debentures with a face value of $2 000 000 at a discount of $260 000.All transactions are in cash unless otherwise indicated.What is the net cash flow from financing activities for the period?
A) Net cash outflow $1 450 000
B) Net cash outflow $6000
C) Net cash inflow $1 154 000
D) Net cash inflow $1 390 000
Correct Answer:
Verified
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