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A Corporation Had Several Transactions Affecting Its Stockholders' Equity Accounts

Question 173

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A corporation had several transactions affecting its stockholders' equity accounts during the year.In the space provided,show the impact on the accounting equation by placing a plus sign (+)for an increase,a minus sign (-)for a decrease,or N/A for no impact or no total net impact.
 Sbckholders’  Transactions:  Assets =  Liabilities + Equity  Received authorization to issue 10,000 shares of $ 5 par common stock  Issued 5,000 shares of common stock for $ 15 per share  Declared and paid a 5 % stock dividend when the  market price of the common stock was $ 18 per share  Declared a cash dividend of $ 1 per share  Issued additional shares in a 2-for-1 stock split \begin{array}{|l|l|l|l|} \hline && & \text { Sbckholders' } \\\hline \text { Transactions: } &\text { Assets = } & \text { Liabilities }+ & \text { Equity } \\\hline \text { Received authorization to issue 10,000 shares of \$ 5 par common stock }\\\hline \text { Issued 5,000 shares of common stock for \$ 15 per share }\\ \hline \text { Declared and paid a 5 \% stock dividend when the }\\ \text { market price of the common stock was \$ 18 per share }\\\hline \text { Declared a cash dividend of \$ 1 per share }\\\hline \text { Issued additional shares in a 2-for-1 stock split }\\\hline\end{array}

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