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Listed below is a series of independent transactions. For each transaction indicate the effect on the various elements of the current year's financial statements. Use

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Listed below is a series of independent transactions. For each transaction indicate the effect on the various elements of the current year's financial statements. Use the following letters to indicate the effect. 1 - Increase D-Decrease NE - No Effect Be sure to use the exact notation ID or NE in your answers as the grading key is looking for an exact match. Declared a cash dividend. This would cause assets to liabilities to stockholders' equity to paid-in capital to and retained earnings to Declared a stock dividend. This would cause assets to liabilities to stockholders' equity to paid-in capital to and retained earnings to Issued for a lump sum price 10 years bonds and common stock. This would cause assets to liabilities to stockholders' equity to pald-in capital to and retained earnings to Purchase of treasury shares. This would cause assets to . liabilities to stockholders' equity to pald-in capital to and retained earnings to

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