Indicate whether each of the following transactions would increase (1), decrease (2), or not affect (N/A) total
Question:
Indicate whether each of the following transactions would increase (1), decrease
(2), or not affect (N/A) total assets, total liabilities, and total stockholders’ equity.
Stockholders’
Transaction Assets Liabilities Equity
(a) Declared cash dividend.
(b) Paid cash dividend declared in (a).
(c) Declared stock dividend.
(d) Distributed stock dividend declared in (c).
(e) Split stock 3-for-1.
AppendixLO1
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Related Book For
Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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