Required information e11-9 recording and reporting stockholders' equity transactions, including closing entry [lo 11-2, lo 11-3] [the following information applies to the questions displayed below.] the annual report for malibu beachwear reported the following transactions affecting stockholders’ equity: purchased $350,800 of common stock now held in treasury. declared cash dividends in the amount of $260,400. paid the dividends in (b). issued 108,000 new shares of $0.10 par value common shares for $2 per share. closed the dividends account. e11-9 part 3 prepare a statement of stockholders’ equity, assuming the following opening balances. explanation

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Cosmetic profits. sally is the executive vice president of big name cosmetics company. through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchase of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchase of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following offenses, if any, is alice guilty of by buying stock?

Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9