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Unformatted text preview: fiscal year ended December 31, 2008. Common Stock Jan. 1 Balance 600,000 April 9 Issued 50,000 shares 150,000 Dec. 31 Balance 750,000 Paid-In Capital In Excess Of Par Jan. 1 Balance 350,000 April 9 Issued 50,000 shares 100,000 Dec. 31 Balance 450,000 Treasury Stock Aug. 7 Purchased 6,000 shares 24,000 Retained Earnings June 30 Dividend 40,000 Jan. 1 Balance 2,108,000 Dec. 30 Dividend 40,000 Dec. 31 Closing (net income) 325,000 Dec. 31 Balance 3,353,000 11-21) Indicate whether the following actions would (+) increase, (-) decrease, or (0) not affect Indigo Inc.s total assets, liabilities, and stockholders equity. Assets Liabilites S.E. 1) Declaring a cash dividend 2) Paying the cash dividend declared in 1) 3) Authorizing and issuing stock certificates In a stock split 4) Declaring a stock dividend 5) Issuing the stock certificates for the stock Dividend declared in 4)...
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- Spring '05
- malrani
- Economics, Generally Accepted Accounting Principles
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