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Business, 05.08.2020 06:01 shongmadi77
The annual report for Malibu Beachwear reported the following transactions affecting stockholders’ equity:a. Purchased $350,100 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,050.c. Paid the dividends in (b).d. Issued 101,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. Required:Indicate the effect (+ for increase, − for decrease, +/− for increase/decrease) of each of these transactions on total assets, liabilities, and stockholders’ equity.
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