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The annual report for Malibu Beachwear reported the following transactions affecting shareholders' equity: a Repurchased and cancelled $5.0 million common shares. b. Declared and paid
The annual report for Malibu Beachwear reported the following transactions affecting shareholders' equity: a Repurchased and cancelled $5.0 million common shares. b. Declared and paid cash dividends in the amount of $263.0 million. c. Issued 100 percent common stock dividend involving 232.0 million additional shares with a total par value of $581.0 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 & Answer is not complete. Transaction Assets Liabilities Shareholders Equity Declaration 16-2 Payment
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