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Apple Company declares and issues a stock dividend. This will cause a(n): 1.increase, 2. decrease, or 3. no effect in the following: Liabilities 1. Increase
Apple Company declares and issues a stock dividend. This will cause a(n): 1.increase, 2. decrease, or 3. no effect in the following: Liabilities 1. Increase PDO Assets 2. Decrease 3. No effect Total Shareholders' Equity Reacquisition and retirement of shares for more than the original issuance price: Will involve a loss to OCI Will involve an increase in contributed capital (surplus) and/or retained earnings Will result in a loss on the income statement Will involve a decrease in contributed capital (surplus) and/or retained earnings Will result in an increase in cash
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