The Analytical Framework Used to Evaluate Transactions Is Reproduced Below

question 21

Essay

The analytical framework used to evaluate transactions is reproduced below:
$\begin{array}{ccc}\text { Cash }+\text { Non-Cash }=\text { Liabilities } & +\text { Contributed } & +\text { Accumulated Other }+&\text { Retained } \\\text { Assets } & \text { Capital } & \text { Comprehensive }&\text { Earnings } \\& & \text { Income }\end{array}$


Using this analytical framework indicate the effect of each of the following transactions for TX Corporation:
1.TX Corporation sold additional shares of common stock for $250,000 cash.
2.At the end of the period TX Corporation revalued the securities to $125,000.
3.During the next period TX Corporation sells equipment with a book value of $100,000 for $90,000.

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