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Problem Solving Survival Guide to accompany Financial Accounting, 8th Edition by Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

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EXERCISE 11-7

Purpose: (L.O. 5) This exercise will review the effects of various types of distributions to stockholders.

Instructions

For each transaction listed across the top of the following matrix, indicate the effect on each of the items listed down the left side of the matrix. Use an “I” to indicate an increase, a “D” to indicate a decrease, and a “NE” for no effect.

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