The purchase of treasury stock increases assest and decreases stockholders equity decreases assets and increases stockholders' equity increases assets and stockholders' equity decreases assets and stockholders' equity Ropers. Inc. purchases 11,000 shares of its previously issued $2 par value common stock per $160 per share. Which of the following is the correct journal entry to record this transaction? Debit Cash $1,738,000, and credit Paid-In Capital in Excess of Par-Common $1,738,000. Debit Treasury Stock-Common $1,760,000, and credit cash $1,760,000. Debit Cash SI,738,000, and credit Treasury Stock-Common $1,738,000 Debit Common Stock-$2 Par Value $1,760,000, and credit Cash $1,760,000. When a previously declared dividend is paid, which of the following occurs? liabilities decrease assets remain unchanged Stockholders' equity increases assets increase Orleans, Inc. was incorporated on January 1,2014. Orleans issued 10,000shares of common stock and 800 shares of preferred stock on that date. The preferred stock is cumulative. In par, with an 13% dividend rate Orleans has not paid any dividends yet. In 2017. Orleans had its first profitable year, and on November 1, 2017, Orleans declared a total dividend ct $50,000 What is the total amount that will be paid to preferred shareholders? $41,600 $10,400 $9,100 $50,000 The distribution of a stock dividend effects only stockholder's equity accounts increases both dividends payable and cash decreases both assets and liabilities decreases awls and increase liabilities A corporation reported the following equity section on its current balance sheet The common Mock is currently selling for $22DO per share. Which of the following would be included in the entry to record the distribution of17% stock dividend? Stock Dividends would be credited for $52,020 Paid-In Capital in Excess of Par-Common is debited for $104,040. Common Stock-$6 Par Value would be credited for $52,020 Stock Dividends would be debited for $104,040