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Use I = Increase, D = Decrease, or N = No effect, to indicate the effect on retained earnings foreach of the listed transactions.
____ Declaration of a property dividend.
____ Net income for the year.
____ Purchase of treasury stock at a cost greater than the original issue price.
____ Purchase of treasury stock at a cost less than the original issue price.
____ Issue common stock.
____ Resale of treasury stock for less than cost, assuming no previous treasury stock sales
____ Resale of treasury stock for more than cost.
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