Intermidiate Accounting II

Determine for each transaction its effect (increase or decrease or no effect) on each of the categories of stockholders equity: capital stock,

additional paid-in capital, and retained earnings, and on stockholders equity overall.

stock Q1: Determine for each transaction its effect (increase or decrease or no effect) on each of the categories of stockholders' equity capital stock, additional paid in capital, and retained earnings, and on stockholders' equity overall. Capital Retained Treasury Stockholders' Transaction APIC earnings stock equity Overall 1 Reported a net loss after income taxes and discontinuing operations 2 Sold treasury stock below cost with a credit balance in APIC Treasury Stock Retired treasury stock whose cost was more than the stock's original issue price Converted preferred stock into common stock whose total par value greater than the original issue price of the preferred stock. 3 4