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Cash flow statement

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(Querist)
07 August 2017 Can anyone please explain this Fully paid 8% preference shares of face value of Rs. 10,00,000 were redeemed at a premium of 3%.In this connection 60,000 equity shares of Rs. 10 each were issued at premium of Rs. 2 per share. The entire money being received with applications.
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
07 August 2017 Cash Flow from financing Activity
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
07 August 2017 Yes. Both redemption and fresh issue should be shown under Cash flow from financing activities
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Tushar

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Tushar (Querist)
07 August 2017 Whether preference shares are redeemed by issuing equity shares or both are different (Since it is written in question that "In this connection")
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