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The annual report for Malibu Beachwear reported the following transactions affecting shareholders' equity: reported the following transactions affectinghaelders equity a Repurchased and cancelled $4.0 million
The annual report for Malibu Beachwear reported the following transactions affecting shareholders' equity: reported the following transactions affectinghaelders equity a Repurchased and cancelled $4.0 million common shares a. Repurchased and cancelled $4.0 million common shares b. Declared and paid cash dividends in the amount of $265.0 milion. c. Issued 100 percent common stock dividend involving 234.0 millon additional shares with a total par value of $587.0 million. Required: 1. Indicate the effect (increase with'+, decrease with -, and increases and decrease within the accounting heads with +) of each of these transactions on total assets, liabilities, and shareholders equity ssets Liabilities Shareholders Transaction Equity a. b-1. Declaration b-2. Payment C
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