Determine whether each transaction would increase (1), decrease (2), or have no effect (NE) on each the
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Determine whether each transaction would increase (1), decrease (2), or have no effect (NE) on each the following components found in the statement of changes in equity: share capital, retained earnings, and total shareholders' equity. The first one has been done for you as an example.
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Retained Earnings Total Shareholders' Equity Share Capital (a) Profit (b) Issue of common shares (c) Dividends paid to shareholders (d) Cash (e) Loss (f) Issue of long-term debt NE
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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