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Required informotion [The following information applies to the questions displyed below] Global Maine obtained a chwiter from the state in lankary that autharized 1000000 shares

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Required informotion [The following information applies to the questions displyed below] Global Maine obtained a chwiter from the state in lankary that autharized 1000000 shares of common stock $5 par. vabue. Duting the first yeat, the company earned $500,000 of net income and dedared no didends, the folowing selected transactions occurred in the order over: a. Issued 110.000 shares of the common stock at $65 cach per shate b. Reacquired 35000 shares at $60 cash per share c. Peissued 15,000 shares from treasury for $61 per share. d. Reissued 15,000 shares from treasury for $59 per share. 1. Indicate the account, ameunt, and dircction of the eflect on above traisaction. (Enter any decreases to Assets, Liabilitiei ond Required: Stockholders' Equity with o minus sign.)

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