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Need help with all The annual report for Malibu Beachwear reported the following transactions affecting shareholders' equity: a. Repurchased and cancelled $4.0 million common shares.
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The annual report for Malibu Beachwear reported the following transactions affecting shareholders' equity: a. Repurchased and cancelled $4.0 million common shares. b. Declared and paid cash dividends in the amount of $265.0 million. c. Issued 100 percent common stock dividend involving 234.0 million additional shares with a total par value of $587.0 million. Required: 1. Indicate the effect (increase with '+', decrease with '-', and increases and decrease within the accounting heads with '+/-") of each of these transactions on total assets, liabilities, and shareholders' equity. Transaction Assets Liabilities Shareholders' Equity a. b-1. Declaration b-2. Payment C 2. Prepare journal entries to record each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollar not in millions) View transaction list Journal entry worksheetStep by Step Solution
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