2. Which statement best describes transaction (d? O Transaction (d occurs between the owners and others in the stock market, there is no affect on the business. Transaction (d occurs between the business and others in the stock market, it will affect the business. 3. Did these transactions change the extent to which Madison Shoes relied on stockholders versus creditors for financing? No- although the transactions affected liabilities and stockholders' equity, they did not change the proportion of financing Yes-the transactions affected liabilities and stockholders' equity, and they led Madison Shoes to rely to a greater extent on No- the transactions had no effect on liabilities or stockholders' equity Yes-the transactions affected liabilities and stockholders' equity, and they led Madison Shoes to rely to a greater extent on from creditors and stockholders. creditors (versus stockholders). stockholders (versus creditors). 2. Which statement best describes transaction (d? O Transaction (d occurs between the owners and others in the stock market, there is no affect on the business. Transaction (d occurs between the business and others in the stock market, it will affect the business. 3. Did these transactions change the extent to which Madison Shoes relied on stockholders versus creditors for financing? No- although the transactions affected liabilities and stockholders' equity, they did not change the proportion of financing Yes-the transactions affected liabilities and stockholders' equity, and they led Madison Shoes to rely to a greater extent on No- the transactions had no effect on liabilities or stockholders' equity Yes-the transactions affected liabilities and stockholders' equity, and they led Madison Shoes to rely to a greater extent on from creditors and stockholders. creditors (versus stockholders). stockholders (versus creditors)