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Required information Problem 1 0 - 2 B ( Algo ) Record equity transactions and indicate the effect on the balance sheet equation ( LO
Required information Problem B Algo Record equity transactions and indicate the effect on the balance sheet equation LO The following information applies to the questions displayed below. Nautical has two classes of stock authorized: $ par preferred, and $ par value common. As of the beginning of shares of preferred stock and shares of common stock have been issued. The following transactions affect stockholders' equity during : March Issue additional shares of common stock for $ per share. April Issue additional shares of preferred stock for $ per share. June Declare a cash dividend on both common and preferred stock of $ per share to all stockholders June of record on June August Pay the cash dividends declared on June October Purchase shares of common treasury stock for $ per share. Nautical has the following beginning balances in its stockholders' equity accounts on January : Preferred Stock. $; Common Stock, $; Additional Paidin Capital, $; and Retained Earnings, $ Net income for the year ended December is $ Problem B Algo Part Select whether each of the following transactions increases or decreases total assets, total liabilities, and total stockholders' equity. If none of the categories apply for a particular item, leave the cell blank. tableTransactiontableTotalAssetstableTotalLlabilitiestableTotalStockholdersEquityIssue common stock,,,Issue preferred stock,,,Declare cash dividends,,,Pay cash dividends,,,Purchase treasury stock,,,Resell treasury stock,,,
Required information
Problem B Algo Record equity transactions and indicate the effect on the balance sheet equation LO
The following information applies to the questions displayed below.
Nautical has two classes of stock authorized: $ par preferred, and $ par value common. As of the beginning of shares of preferred stock and shares of common stock have been issued. The following transactions affect stockholders' equity during :
March Issue additional shares of common stock for $ per share.
April Issue additional shares of preferred stock for $ per share.
June Declare a cash dividend on both common and preferred stock of $ per share to all stockholders June of record on June
August Pay the cash dividends declared on June
October Purchase shares of common treasury stock for $ per share.
Nautical has the following beginning balances in its stockholders' equity accounts on January : Preferred Stock. $; Common Stock, $; Additional Paidin Capital, $; and Retained Earnings, $ Net income for the year ended December is $
Problem B Algo Part
Select whether each of the following transactions increases or decreases total assets, total liabilities, and total stockholders' equity. If none of the categories apply for a particular item, leave the cell blank.
tableTransactiontableTotalAssetstableTotalLlabilitiestableTotalStockholdersEquityIssue common stock,,,Issue preferred stock,,,Declare cash dividends,,,Pay cash dividends,,,Purchase treasury stock,,,Resell treasury stock,,,
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