Solution-For each of the following events affecting the

For each of the following events affecting the stockholders

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Reference no: EM13572426

For each of the following events affecting the stockholders" equity of Willis, indicate whether the event would: increase retained earnings (IRE), decrease retained earnings (DRE), increase common stock (ICS), or decrease common stock (DCS).

(a) Issued new shares of common stock.

(b) Paid a cash dividend.

(c) Reported net income of $75,000.

(d) Reported a net loss of $20,000.

Reference no: EM13572426

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