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G-7 Networking Solutions began operations on January 1, 20X6. During 20X6, the company recorded the following journal entries to account for certain equity transactions: 5
G-7 Networking Solutions began operations on January 1, 20X6. During 20X6, the company recorded the following journal entries to account for certain equity transactions: 5 (Click the icon to view the journal entries.) Requirement 1. Show how the company reported cash flows from financing activities during 20X6. (Use parentheses or a minus sign to show cash outflows.) Cash flows from financing activities: Cash Increase in total shareholders' equity Net income Payment of dividends Proceeds from issuance of share capital Proceeds from sale of treasury shares Purchase of treasury shares Total shareholders' equity G-7 Networking Solutions began operations on January 1, 20X6. During 20X6, the company recorded the following journal entries to account for certain equity transactions: 5 (Click the icon to view the journal entries.) Requirement 1. Show how the company reported cash flows from financing activities during 20X6. (Use parentheses or a minus sign to show cash outflows.) Cash flows from financing activities: Cash Increase in total shareholders' equity Net income Payment of dividends Proceeds from issuance of share capital Proceeds from sale of treasury shares Purchase of treasury shares Total shareholders' equity
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