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Question 4 Liger Company had the following information: Common stock, $1 par value,...

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Accounting

Question 4
Liger Company had the following information:
Common stock, $1 par value, 120,000 shares authorized
Preferred stock, 3%, par value $10 per share, 70,000 shares authorized
During 2019, the following transactions occurred. In the blanks write how much
stockholders' equity increases or decreases by from that transaction(s).
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 100 put +100. Do not put any dollar signs. If
there is no change, put +0.
January: Issued and sold 30,000 shares of common stock at $15 per share.
October: Repurchased 5,000 shares of common stock at $10 per share.
December: Resold 4,000 shares of the stocks repurchased in October for
$12 a share.
At the end of the year, the accounts showed net income of $50,000.
At the end of the year, the company declares a dividend of $1.20 per share
for common stockholders.
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