Question: 1. For each transaction below, write the net effect on Total Assets (TA), Retained Earnings (RE), Total Equity (TE), Treasury stock (TS), Net Income

1. For each transaction below, write the net effect on Total Assets (TA), Retained Earnings (RE), Total Equity (TE), Treasury stock (TS), Net Income Before Taxes (NIBT), and Cash flows from financing activities (CFF). (30 points: 1 point per entry) Write 0 for no effect. Use negative numbers to indicate reductions in accounts or cash outflows. Assume that gains/losses on stock reissuance are credited/debited to Additional Paid-in Capital. Transaction Ex Issue $50 of long-term debt A Issued 12 shares of no-par stock at $18 per share TA RE 50 E0 NI TS TE (pretax) CFF 0 0 0 50

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