Bulldogs Plc Had the Following Activities Related to Their Financial

question 26

Multiple Choice

Bulldogs Plc had the following activities related to their financial operations:
Paid €1 125 000 for the early retirement of convertible notes (amortised cost of €1 110 000)
Paid cash dividends of €93 000.Preference shares with carrying amount of €120 000 were converted to ordinary shares.
What is net cash used in financing activities for the year ended 30 June 2014?

• A)(€1 017 000)
• B)(€1 032 000)
• C)(€1 125 000)
• D)(€1 218 000)

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Definitions:

Unenforceable

Describes a contract or provision that is null and incapable of being upheld or enforced by law.

Principal

The original sum of money borrowed in a loan, or the amount of the investment.

Negotiated

The process of discussing to reach an agreement in business, employment conditions, or contracts.

Export Controls List

A regulatory list that identifies items subject to export restrictions or licenses, often for reasons of national security, foreign policy, or trade objectives.