(1) A cash dividend of $0.50 per share is declared, but not distributed

2) A 10 percent stock dividend is declared and issued

(3) 500 shares of treasury stock are purchased

(4) Additional shares of common stock are sold

(5) A two-for-one stock split is declared and the new shares are issued

Q1: Which of the transactions/events will decrease retained earnings? (Multiple choice)

Q2: Which of the transaction/events will not affect total assets? (Multiple choice)