In 2004 guidotti amp bruni spa refinanced its long-term, Ask an Expert

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In 2004 Guidotti & Bruni SpA refinanced its long-term debt. It spent EUR 80,000 to retire long-term debt due in two years and issued EUR 100,000 bonds repayable in 2019. It issued new shares for EUR 60,000 including share premium for EUR 10,000. Interest expense for 2004 was EUR 12,000 of which EUR 10,000 was paid. Dividends declared and paid during the year amounted to EUR 6,000.

Prepare the financing activities section of the cash flow statement for Guidotti & Bruni SpA for 2004.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92094172

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