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A Corporation Had Several Transactions Affecting Its Stockholders' Equity Accounts

Question 165

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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  Issued 2,000 shares of $ 2 par common stock for an amount greater than par Issued 500 shares of $ 10 par preferred stock for an amount greater then par Repurchased 100 shares of common stock for $ 5 per share  Reissued 50 shares of treasuy stock for $ 6 per share  Declared a cash dividend  Paid a cash dividend \begin{array}{|l|l|l|l|} \hline && & \text { Sbckholders' } \\\hline \text { Transactions: } &\text { Assets = } & \text { Liabilities }+ & \text { Equity } \\\hline \text { Issued 2,000 shares of \$ 2 par common stock for an amount greater than par }& \\\hline \text {Issued 500 shares of \$ 10 par preferred stock for an amount greater then par }& \\ \hline \text {Repurchased 100 shares of common stock for \$ 5 per share }& \\\hline \text { Reissued 50 shares of treasuy stock for \$ 6 per share }& \\\hline \text { Declared a cash dividend }& \\\hline \text { Paid a cash dividend }& \\\hline\end{array}

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