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II. Indicate the effect of each of the following transactions on total stockholders' equity by placing an X in the appropriate column. Increase Decrease None

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II. Indicate the effect of each of the following transactions on total stockholders' equity by placing an X in the appropriate column. Increase Decrease None 1. Declaration of a stock dividend. 2. Acquisition of land for common stock. 3. Conversion of bonds payable into common stock. 4. Not declaring a dividend on cumulative preferred stock. 5. Declaration of cash dividend

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