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The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $351,400 of common stock now held in treasury. b. Declared

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The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $351,400 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,700. c. Pald the dividends in (b). d. Issued 114,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account

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