Indicate whether each of the following types of transactions will either (a) Increase stockholders equity or (b)

Question:

Indicate whether each of the following types of transactions will either

(a) Increase stockholders’ equity or

(b) Decrease stockholders’ equity:

1. Issued common stock in exchange for cash.

2. Received cash for services performed for customers.

3. Paid business expenses.

4. Paid dividends

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...

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