Corporation

582 | Basic Financial Accounting and Reporting 2021 Edition by Prof. WIN Bulum NAME: SCORE: SECTION: PROFESSOR: Problem #8 Effects of Transactions Indicate the effects of each of the following transactions on Assets, Liabilities, Share Capital and Retained Earnings. Use + for increase, - for decrease, and 0 for no effect. Share Retained Assets Liabilities Capital Earnings 1. Declaration of cash dividends 2. Payment of cash dividends 3. Declaration of share dividends 4. Issuance of share dividends 5 . Cash purchase of treasury stock 6. Sale of treasury stock below cost