Analyze the following transactions and indicate the dollar increase (+) or decrease () each has on the
Question:
Analyze the following transactions and indicate the dollar increase (+) or decrease (–) each has on the balance sheet. If there is an overall change in shareholders’ equity, also indicate whether contributed capital, retained earnings, or treasury stock is affected. If the transaction has no effect on the balance sheet, enter NA for that item. The first row is filled in for you as anexample.
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Shareholders' Equity Section Assets Liabilities Equity Affected Contributed capital Issued 1,000 shares of $0.50 par common stock at par Issued 2,500 shares of $0.50 par common stock for $6.50 Declared a cash dividend of $0.50 per share Paid the $0.50 cash dividend Purchased 175 shares of treasury stock for $9 per share Sold 65 shares of treasury stock or $9 per share Declared and distributed a 5% common stock dividend (when the market price was $9 per share) Announced a 2-for-1 stock split Issued 5,000 shares of $75 par, 6% noncumulative preferred stock at par +500 +500
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Issued shares at par Issued shares above par Declared c...View the full answer
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Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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