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Part I: General 1. For each transaction below, write the net effect on Total Assets (TA), Retained Earnings (RE), Total Equity (TE), Treasury stock (TS),
Part I: General 1. For each transaction below, write the net effect on Total Assets (TA), Retained Earnings (RE), Total Equity (TE), Treasury stock (TS), Net Income Before Taxes (NIBT), and Cash flows from financing activities (CFF). (30 points: 1 point per entry) Write 0 for no effect. Use negative numbers to indicate reductions in accounts or cash outflows. Assume that gains/losses on stock reissuance are credited/debited to Additional Paid-in Capital. NI Transaction TA RE TS TE (pretax) CFF Ex Issue $50 of long-term debt 50 0 0 0 0 50 A Issued 12 shares of no-par stock at $18 per share B Issued 12 shares of $0.50 par stock at $18 per share C Repurchased 25 shares at $17 per share D Declared and paid $0.05/share dividend. There are 9,000 shares outstanding E 3-for-1 stock split of no-par stock F Repurchased/retired long-term debt with net book value of $195 for $220 in cash. Ignore taxes on gains/losses for debt retirement
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