Question
Larkspur Company provides you with the following condensed balance sheet information: Assets Current assets $ 43,300 Equity investments 57,600 Equipment (net) 248,800 Intangibles 62,900 Total
Larkspur Company provides you with the following condensed balance sheet information: Assets Current assets $ 43,300 Equity investments 57,600 Equipment (net) 248,800 Intangibles 62,900 Total assets $412,600 Liabilities and Stockholders Equity Current and long-term liabilities $94,100 Stockholders equity Common stock ($5 par) $ 21,000 Paid-in capital in excess of par 103,100 Retained earnings 194,400 318,500 Total liabilities and stockholders equity $412,600
For each of the following transactions, indicate the dollar impact (if any) on the following five items: (1) total assets, (2) common stock, (3) paid-in capital in excess of par, (4) retained earnings, and (5) stockholders equity. (Each situation is independent.)
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