Cash and Stock Dividends At December 31, 2008, White Company has the following:

Common Stock, $10 par, 10,000 shares authorized, 9,000 issued, 8,000 outstanding Required Indicate whether the following would increase, decrease, or have no effect on

(a) assets,

(b) retained earnings, and

(c) total stockholders’ equity.

A company declares and pays a cash dividend of $25,000.

A company declares and issues a 10% stock dividend.