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Required information The following information applies to the questions displayed below. The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a
Required information The following information applies to the questions displayed below. The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a Purchased $350,400 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,200. Paid the dividends in (b). d. Issued 104,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. Required: 1. Indicate the effect (+ for increase,-for decrease, +/-for increase/decrease) of each of these transactions on total assets, liabilities and stockholders' equity. (Leave cell blank if there is no effect.) Assets Liabilities Stockholders Equity d
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