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The following information applies to the questions displayed below.J The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $350,300
The following information applies to the questions displayed below.J The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $350,300 of common stock now held in treasury b. Declared cash dividends in the amount of $260,150 Paid the dividends in (b), d. Issued 103,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. E11-9 Part 3 3. Prepare a statement of stockholders' equity, assuming the following opening balances. Common Stock Additional Paid- Retained Additional Paid- Retained Treasury Earnin In Capital Stock Beginning 12,650 191,500$ 150,300 S Stock Issuances Net Income Dividends: Common 273,000 Ending 2,650 191,500$423,300 S The following information applies to the questions displayed below.J The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $350,300 of common stock now held in treasury b. Declared cash dividends in the amount of $260,150 Paid the dividends in (b), d. Issued 103,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. E11-9 Part 3 3. Prepare a statement of stockholders' equity, assuming the following opening balances. Common Stock Additional Paid- Retained Additional Paid- Retained Treasury Earnin In Capital Stock Beginning 12,650 191,500$ 150,300 S Stock Issuances Net Income Dividends: Common 273,000 Ending 2,650 191,500$423,300 S
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