Question: Can you show how to correctly chart the below question? For each transaction below, write the net effect on Total Assets , Retained Earnings, Total
Can you show how to correctly chart the below question?
For each transaction below, write the net effect on Total Assets , Retained Earnings, Total Equity, Treasury stock, Net Income Before Taxes, and Cash flows from financing activities.
A: 35% owned affiliate had net income of $160
B: 35%-owned affiliate paid total dividend of $40
c: Passive equity investment increased from $20/share to $22/share. You own 150 shares
d: Repurchased/retired long-term debt with net book value of $195 for $220 in cash. Ignore taxes on gains/losses for debt retirement
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