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eek 8: Accounting for Shareholders Equity Part 3 Laboratory Exercise 005 Question 3 Not complete Marked out of 9.00 Flag question Question text Indicate the

  1. eek 8: Accounting for Shareholders Equity Part 3
  2. Laboratory Exercise 005

Question 3

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Question text

Indicate the effect of each of the following transactions on total equity.

Equity Transaction

Treasury shares are resold at more than cost

IncreaseNo EffectDecrease

Operating loss for the period.

IncreaseNo EffectDecrease

Retirement of bonds payable at more than book value

IncreaseNo EffectDecrease

Declaration of a share dividend.

IncreaseNo EffectDecrease

Acquisition of machinery for ordinary shares.

IncreaseNo EffectDecrease

Conversion of bonds payable into ordinary shares

IncreaseNo EffectDecrease

Not declaring a dividend on cumulative preference shares.

IncreaseNo EffectDecrease

Declaration of cash dividend.

IncreaseNo EffectDecrease

Payment of cash dividend.

IncreaseNo EffectDecrease

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