Examlex
Indicate how each event affects the horizontal financial statements model. Use the following letters to record your answer in the box shown below. If an event increases one account and decreases another account equally within the same element, record I/D. If an event has no impact on the element, record NA. Use only one letter for each element. You do not need to enter amounts.
Increase = IDecrease = D No Affected = NAGrover Company declared a 2-for-1 stock split. Before that announcement, Grover had 40,000 shares of outstanding common stock.
Net Cash Inflow
The difference between the cash received and cash expended in a given period, resulting in an increase in cash holdings.
Financing Activities
Cash flows related to actions that alter the equity or borrowings of an entity, reflecting how a business funds its operations and investments.
Issue of Shares
The issue of shares refers to the process by which a company distributes new shares to shareholders, which can raise capital for the company.
AASB 101
An Australian Accounting Standard Board regulation that sets out the overall requirements for the presentation of financial statements, guidelines for their structure, and minimum requirements for their content.
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