On the basis of the following shareholders' equity accounts, indicate the items, exclusive of net income, to

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On the basis of the following shareholders' equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the beginning or the end of the year.

Common Shares 1,400,000 Jan. 1 opening Feb. 11 123.200 Jun. 30 2.203.200 closing

On January 1, there were 60,000 shares.
On February 11, 15,000 shares were issued for cash.
On June 30, 2,200 shares were issued as a share dividend

Retained Earnings 1.000,000 Jan. 1 opening Jun. 30 share dividend 123,200 Dec. 30 cash dividend 117,200 720,000 closing

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Accounting Volume 2

ISBN: 978-0176509743

2nd Canadian edition

Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren

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Question Posted: Dec 15, 2017 08:34 AM

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On the basis of the following shareholders' equity accounts, indicate the items, exclusive of net income, to

Question:

Common Shares 1,400,000 Jan. 1 opening Feb. 11 123.200 Jun. 30 2.203.200 closing Retained Earnings 1.000,000 Jan. 1 opening Jun. 30 share dividend 123,200 Dec. 30 cash dividend 117,200 720,000 closing net income 1,479,600 closing

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