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The following information applies to the questions displayed below) The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity a. Purchased $350,800
The following information applies to the questions displayed below) The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity a. Purchased $350,800 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,400. d. Issued 108,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. References Section Break E11-9 Recording and Reporting Stockholders Equity Transactions, Including Closing Entry [LO 11-2, LO 11 3] value: 1.77 points E11-9 Part 1 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.) Assets Liabilities Stockholders Equity
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