Guoping Limited provides you with the following condensed statement of financial position information:

Instructions
(a) For each transaction below, indicate the dollar impact (if any) on the following four items: (1) total assets, (2) common shares, (3) retained earnings, and (4) shareholders' equity. (Each situation is independent.)

1. The company declares and pays a $0.50 per share dividend.
2. The company declares and issues a 10% stock dividend when the shares' market price is $12 per share.
3. The company declares and issues a 40% stock dividend when the shares' market price is $17 per share.
4. The company declares and distributes a property dividend. The company gives one Geneva share for every two company shares held. Geneva is selling for $8 per share on the date when the property dividend is declared.
5. The company declares a 3-for-1 stock split and issues new shares.

(b) What are the differences between a stock dividend and a cash or property dividend?