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You skipped this question in the previous attempt 7 C QS 13-12 Impacts of stock Issuances, dividends, splits, and treasury transactions LO P2, P3 Listed
You skipped this question in the previous attempt 7 C QS 13-12 Impacts of stock Issuances, dividends, splits, and treasury transactions LO P2, P3 Listed below are various transactions that a company incurred during the current year. Select the impact on total stockholders' equity for each scenario. Specifically state whether stockholders' equity would increase (). decrease (D), or have no effect (NE) as a result of each transaction listed below. Consider each transaction independently. Book List Equity 1. A small stock dividend is declared, 2. A small stock dividend is distributed 3. Treasury stock is sold above cost for cash (assume the cost method). 4. Treasury shares of preferred Mock are purchased ( numo the cost method) Decrease Increase No effect
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