Cash and Stock Dividends At December 31, 2010, White Company has the following: Common Stock, $10 par,
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Cash and Stock Dividends At December 31, 2010, 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.
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Related Book For
Using Financial Accounting Information The Alternative To Debits And Credits
ISBN: 9780538452748
7th Edition
Authors: Curtis L. Norton, Gary A. Porter
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