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Using Problem 8-4, answer the following questions based on information given in the problem: a. Transaction 1: What amount would be assigned to Additional Paid-in Capital when recording the transaction? b. Transaction 2: What amount would be assigned to the Preferred Stock account? c. Transaction 3: What amount would be assigned to Treasury Stock from the transaction? Would that amount be debited or credited? d. Transaction 4: What part of the dividend is received by Preferred stockholders? Common stockholders? (Reminder – for the preferred stock, the 6% is an annual dividend) e. Transaction 5: What amount would be assigned to Additional Paid-in Capital from the reissuance of the Treasury Stock?

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Using Problem 8-4, answer the following questions based on information given in the

problem:

a.        Transaction 1: What amount would be assigned to Additional Paid-in Capital when recording the transaction?

b.        Transaction 2: What amount would be assigned to the Preferred Stock account?

c.        Transaction 3: What amount would be assigned to Treasury Stock from the transaction? Would that amount be debited or credited?

d.        Transaction 4: What part of the dividend is received by Preferred stockholders? Common stockholders? (Reminder – for the preferred stock, the 6% is an annual dividend)

e.        Transaction 5: What amount would be assigned to Additional Paid-in Capital from the reissuance of the Treasury Stock?

 
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