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The following information applies to the questions displayed below) Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common
The following information applies to the questions displayed below) Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, 55 par value. During the first year, the company earned $490.000 of net income and declared no dividends, the following selected transactions occurred in the order given a. Issued 100,000 shares of the common stock at $64 cash per share b. Reacquired 34,000 shares at $59 cash per share. c. Reissued 14.500 shares from treasury for $60 per share d. Reissued 14,500 shares from treasury for $58 pet share. Required: 1. Indicate the account amount and direction of the effect on above transaction (Enter any decreases to Assets, Liabilities and Stockholders' Equity with a minus sign.) Assets Labs Stockholdersity 3 ta d
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