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Question 4 (50 points) Indicate whether each of the following transactions would increase stockholders' equity, decrease stockholders' equity, or have no effect on stockholders' equity.

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Question 4 (50 points) Indicate whether each of the following transactions would increase stockholders' equity, decrease stockholders' equity, or have no effect on stockholders' equity. Purchased a truck for cash. Paid dividends. Sold a truck at a loss. Paid a bill on account. 1. Increase stockholders' equity. Received a bill for advertising expenses. 2. Decrease stockholders' equity. Sold common stock to investors. 3. No effect on stockholders' equity. Provided services to customers on account. Paid off a bank loan. Paid income taxes. Paid interest expense

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