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2. During 2001, Quest Corporation had the following transactions and events: 1. Issued no par value preferred shares for cash. 2. Issued no par value
2. During 2001, Quest Corporation had the following transactions and events: 1. Issued no par value preferred shares for cash. 2. Issued no par value common shares for cash. 3. Completed a 2-for-1 stock split of the common shares. 4. Declared a stock dividend when the market value was higher than the issue price. 5. Declared a cash dividend. 6. Paid the cash dividend. 7. Issued the common shares required by the stock dividend declaration in 4. above. Instructions Indicate the effect(s) of each of the foregoing items on the subdivisions of shareholders' equity. Present your answers in tabular form with the following columns. Use (1) for increase, (D) for decrease, and (NE) for no effect.(14 marks) Item Share Capital Retained Earnings
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