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A stock dividend will, in and of itself, affect the amounts in which of the following accounts? (Assume the stock has a par value.) Net
A stock dividend will, in and of itself, affect the amounts in which of the following accounts? (Assume the stock has a par value.) Net income: $240 Sales: $10,000 Total assets: $6,000 Debt ratio: 75% TIE ratio: 2.0 Current ratio: 1.2 If Tapley could streamline operations, cut operating costs, and raise net income to $300 without affecting sales or the balance sheet (the additional profits will be paid out as dividends), by how much would its ROE increase? Common stock account. Paid-in capital account. Retained earnings account. Cash Only answers a, b, and c above
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