Using the following categories, indicate the effects (direction and amount) of the transactions listed in MD-3. Use

Question:

Using the following categories, indicate the effects (direction and amount) of the transactions listed in MD-3. Use 1 for increase and 2 for decrease.

In MD 3
July 2 Purchased 8,000 shares of Cox common stock at $28 per share.
Dec. 15 Cox Corporation declared and paid a cash dividend of $2 per share.
31 Determined the fair value of Cox stock to be $29 per share.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...