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how to solve? Required information [The following information applies to the questions displayed below.] The annual report for Malibu Beachwear reported the following transactions affecting

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Required information [The following information applies to the questions displayed below.] The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $350,109 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,050. c. Paid the dividends in (b). d. Issued 101,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. Required: 1. Indicate the effect ( + for increase, for decrease, t/ for increase/decrease) of each of these transactions on total assets, liabilities, and stockholders' equity. (Leave cell blank if there is no effect.)

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