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Required information [ The following information applies to the questions displayed below. ] Nautical has two classes of stock authorized: $ 1 0 par preferred,
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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 of record on June
June Pay the cash dividends declared on June
August Purchase shares of common treasury stock for $ per share.
October Resell shares of treasury stock purchased on August 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 $
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.
tableTransactiontableTotalAssetstableTotalLiabilitiestableTotalStockholdersEquityIssue common stock,,,Issue preferred stock,,,Peclare cash dividends,,,Purchase dividends,,,Resell treasury stock,,,
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