Below are various transactions that Carraway Corp. had occur during the year. For each transaction, indicate the transaction's effect on the company's accounting equation by selecting either increase, decrease, or no effect for each area of the accounting equation. Do not leave any of the fields below blank. (Note: If the transaction were to cause an increase and decrease to the same area of the accounting equation, "no effect" should be chosen as the overall effect to that area) A. On May 1, issued 20,000 shares of $10 par common stock for $20 per share. B. On June 1, purchased 4,000 shares of treasury stock for $25 per share. C. On Sept 1, declared a 4-for-1 stock split. D. On Oct 1, declared a dividend of $10,000 to be paid on Nov 15. E. On Nov 15, paid the dividend previously declared on Oct 1.

Give five specific limitations (scenarios) of accounting information in the business context and the possible solution you would suggest to resolve or mitigate the said limitations to affect the Annual Financial Reports.

For each of the tollowing transactions or adjustments, indicate the effect of the transaction or adjustment on assets, liabilities, and net income by entering for each account affected the account name and amount and indicating whether it is an nddition () or a subtraction ( Transaction a has been done as an illustration. Net income is not affected by every transaction. In some cases, only one column may be affected because all of the specific accounts affected by the transaction are included in that category. a. Recorded $200 of depreciation expense. b. Sold land that had originally cost $9,000 for $14,000 in cash. c. Acquired a new machine under a financing lease. The present value of future lease payments, discounted at 10%, was $10,000. d. Recorded the first annuai payment of $2.200 for the leased machine (in part c). e. Recorded a $5,100 payment for the cost of developing and registering a trademark. f. Recognized periodic amortization for the trademark (in part e) using a 34-year…

what are the three different types of accounting for changes. Give suitable examples.  Do you find any company that has reported an accounting change in the recent years?