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The following events were experienced by Baskin, Inc.: Issued cumulative preferred stock. Issued common stock for cash. Issued noncumulative preferred stock. Paid cash to purchase
The following events were experienced by Baskin, Inc.: Issued cumulative preferred stock. Issued common stock for cash. Issued noncumulative preferred stock. Paid cash to purchase treasury stock. Sold treasury stock for an amount of cash that was more than the cost of the treasury stock. Declared a cash dividend. Declared a 2-for-1 stock split on the common stock. Distributed a stock dividend. Appropriated retained earnings. Paid a cash dividend that was previously declared. Show the effect of each event on the elements of the financial statements using a horizontal statements model like the following one. Use + for increase, - for decrease, +/- for increase and for decrease and NA for not affected. In the Cash Flow column indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA) and NA to indicate the element is not affected by the event. The first transaction is entered as an example
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