For each of the following events affecting the stockholders equity of Seek Corporation, indicate whether the event

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For each of the following events affecting the stockholders’ equity of Seek Corporation, indicate whether the event would: increase retained earnings (IRE), decrease retained earnings (DRE), increase common stock (ICS), or decrease common stock (DCS).

(a) Issued new shares of common stock.

_______

(b) Paid a cash dividend.

(c) Reported net income of $75,000.

______

(d) Repurchased its own shares of stock.

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471347743

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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