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correct answers? Use the following to answer questions 612 3. Inc, has two classes of stock authorized: $100.00 par preferred and 50.01 par value common,
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Use the following to answer questions 612 3. Inc, has two classes of stock authorized: $100.00 par preferred and 50.01 par value common, As of the beginning. of 2oke, 1,000 shates of gefefered stock and 700,000 shares of common stock have been issued P Pecord the followinut transactions to complete the statement of stockholders" Equifv: 6. 5 When the shares were issued on March 1, how much did additional paid in capital increase? 7. 5 On June 111 when the dividend was declared, how much did retained earning decrease? 8. 5 On August 1" when the shares were repurchased, how much did stockholders' equity decrease? 9. 5 On August 1 " when the shares were repurchased, how much did net income decrease? 10. $ On October 1II when the shares were reissued, how much did additional paid in capital change (if decrease put "." in front of the number)? 11. 5 Compute ending retained earnings on December 31n, 12. $ Compute ending stockholders equity on December 31st Step by Step Solution
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