Question
Liger Company had the following information:
Common stock, $ par value, shares authorized
Preferred stock, par value $ per share, shares authorized
During the following transactions occurred. In the blanks write how much
stockholders' equity increases or decreases by from that transactions
If the transaction increases stockholders' equity put: in front of your amount. If
the transaction decreases put: in front of your amount. For example, if
stockholders' equity increase by put Do not put any dollar signs. If
there is no change, put
January: Issued and sold shares of common stock at $ per share.
October: Repurchased shares of common stock at $ per share.
December: Resold shares of the stocks repurchased in October for
$ a share.
At the end of the year, the accounts showed net income of $
At the end of the year, the company declares a dividend of $ per share
for common stockholders.
