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Indicate the net effect on assets, liabilities, and owners' equity resulting from each of the following transactions: Capital stock was issued for $ 1 0
Indicate the net effect on assets, liabilities, and owners' equity resulting from each of the following transactions:
Capital stock was issued for $ cash.
Bonds payable of $ were refunded with capital stock.
Depreciation on plant and equipment equaled $ for the year.
Inventory was purchased for $ cash.
$ worth of inventory was purchased on credit.
Inventory costing $ was sold for $ on credit.
$ in cash was received for merchandise sold on credit.
Dividends of $ were declared.
The declared dividends of $ were paid.
The company declared a stock split, and replaced each outstanding share with two new shares.
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