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state if conversion of debentures into equity shares by a financing company will result in inflow outflow or no flow of cash ?

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state if conversion of debentures into equity shares by a financing company will result in inflow outflow or no flow of cash ?
Answered Same Day Dec 20, 2021

Solution

David answered on Dec 20 2021
141 Votes
state if conversion of debentures into equity shares by a financing company will result in inflow outflow or no flow of cash ?
Answer:
No flow of cash.
When the share capital is issued to finance the purchase of fixed assets or the debentures are converted into equity shares there is no cash...
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