Identify which category of shareholders’ equity is affected by each item and briefly explain how it is affected. 91. Donation of a plant site to the company.

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Identify which category of shareholders’ equity is affected by each item and briefly explain how it is affected.
91. Donation of a plant site to the company.
92. 92. Purchased treasury share (cost method).
93. 93. Declaration of cash dividend payable next period.
94. 94. Unrealized loss on investment in securities available for sale.
95. 95. Sale of additional ordinary shares of the corporation.
96. 96. Sold the company’s ordinary shares on credit.
97. 97. Corrected an accounting error (expense) from a prior period.
98. 98. Restricted retained earnings by making an entry equal to the cost of treasury share purchased.
99. 99. Exchanged the corporation’s ordinary shares for land.
100. 100. Investor tendered their convertible preferred share for the ordinary shares of the corporation.

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