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The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity a. Purchased $351,000 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 $351,000 of common stock now held in treasury b. Declared cash dividends in the amount of $260,500. c. Paid the dividends in (b). d Issued 110,000 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, Habilities, and stockholders' equity. (Leave cell blank if there is no effect.) Assets Llabilities Stockholders Equity 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.) Liabilities Stockholders Equity b d

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