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Exercise 11.7 (Static) Reporting the Effects of Transactions (LO11-4, LO11-7) Three events pertaining to Lean Machine Co. are described as follows. a. Issued common stock
Exercise 11.7 (Static) Reporting the Effects of Transactions (LO11-4, LO11-7) Three events pertaining to Lean Machine Co. are described as follows. a. Issued common stock for cash. b. The market value of the corporation's stock increased. c. Declared and paid a cash dividend to stockholders. Indicate the immediate effects of the events on the financial measurements in the four columnar headings listed below. Use the code letters I for increase, D for decrease, and NE for no effect
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