Evaluate the following types of transactions, and identify the impact (increase (A), decrease (W), or no change
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Evaluate the following types of transactions, and identify the impact (increase (A), decrease (W), or no change (N/C)) on total equity, common or preferred stock, additional paid-in capital, treasury stock, and retained earnings. The first transaction type is done as an example.
Transcribed Image Text:
Issue common stock at par Issue common stock at > par Issue preferred stock at par Issue preferred stock at > par Buy treasury stock (cost method) Resell treasury stock > cost (cost method) Resell treasury stock < cost (cost method) Declare cash dividend Common Total Stock/ Preferred Additional Paid-in Treasury Retained Equity Stock Capital Stock Earnings N/C N/C N/C
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