At December 31, 2014, White Company has the following: Common Stock, $10 par, 10,000 shares authorized, 9,000

Question:

At December 31, 2014, 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.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...

Fantastic news! We've Found the answer you've been seeking!