Reporting Impact of Equity Transactions Fourteen equity transactions are included in the following table. Required Indicate...
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Reporting Impact of Equity Transactions Fourteen equity transactions are included in the following table. Required Indicate how each transaction affects each financial statement category: increase, decrease, remain unchanged, or change not determinable. Equity Transaction 1 Issue common stock for cash 2 Issue common stock for land 3 Retire common stock from the treasury 4 Issue preferred stock for cash 5 Incur stock issue costs 6 Purchase shares for the treasury 7 Resale of treasury stock above cost 8 Declare a cash dividend 9 Pay a previously declared cash dividend 10 Declare a liquidating dividend 11 Declare a 596 stock dividend 12 Declare stock split effected in the form of a dividend 13 Declare a 2-for-1 stock split 14 Record an unrealized gain on available-for-sale debt securities Paid-in Capital Retained Earnings Accumulated OCI Treasury Stock Total Stockholders' Equity Total Assets Total Liabilities = No effect = No effect Increase = Increase = No effect = + = = = = = = = = = = = = = = = = = = = = 41 = = = = = = = 4 = = E 4 = = = = = = = = = 4 = = = = = 4 = 4 4 4 4 4 Reporting Impact of Equity Transactions Fourteen equity transactions are included in the following table. Required Indicate how each transaction affects each financial statement category: increase, decrease, remain unchanged, or change not determinable. Equity Transaction 1 Issue common stock for cash 2 Issue common stock for land 3 Retire common stock from the treasury 4 Issue preferred stock for cash 5 Incur stock issue costs 6 Purchase shares for the treasury 7 Resale of treasury stock above cost 8 Declare a cash dividend 9 Pay a previously declared cash dividend 10 Declare a liquidating dividend 11 Declare a 596 stock dividend 12 Declare stock split effected in the form of a dividend 13 Declare a 2-for-1 stock split 14 Record an unrealized gain on available-for-sale debt securities Paid-in Capital Retained Earnings Accumulated OCI Treasury Stock Total Stockholders' Equity Total Assets Total Liabilities = No effect = No effect Increase = Increase = No effect = + = = = = = = = = = = = = = = = = = = = = 41 = = = = = = = 4 = = E 4 = = = = = = = = = 4 = = = = = 4 = 4 4 4 4 4
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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