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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 $350,600

The following information applies to the questions displayed below] The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $350,600 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,300. c. Paid the dividends in (b). e. Closed the Dividends account

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