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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
(Learning Objective 6: Report financing activities on the statement of cash flows) Use the I-9 Networking Solutions data in E10-79 to show how the company reported cash flows from financing activities during 2014.
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E10-79
(Learning Objectives 2, 3, 4: Reconstruct transactions from the financial statements) I-9 Networking Solutions began operations on January 1, 2014, and immediately issued its stock, receiving cash. I-9’s balance sheet at December 31, 2014, reported the following stockholders’ equity:

During 2014, I-9
a. issued stock for $8 per share.
b. purchased 800 shares of treasury stock, paying $4 per share.
c. resold some of the treasury stock.
d. declared and paid cash dividends.
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