10 Nov Indicate the effect (+, , or 0) on total stockhold
Indicate the effect (+, , or 0) on total stockholders’ equity of McKenzie Services Corporation for each of the following: 1. Declaration and issuance of a stock dividend on common stock 2. Sale of 100 shares of McKenzie Services by Jay Smith to Ray Fauley 3. Net earnings for the period of $600,000 4. Issuance of a stock dividend on common stock 5. Failing to declare a regular dividend on cumulative preferred stock 6. Declaration of a cash dividend of $50,000 in total 7. Payment of item 6 8. Purchase of 10 shares of treasury stock for $1,200 cash 9. Sale of treasury stock, purchased in item 8, for $1,400 10. Sale of treasury stock, purchased in item 8, for $1,000
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