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During 2014, Roblez Corporation had the following transactions and events. 1. Declared a cash dividend. 2. Issued par value common stock for cash at par
During 2014, Roblez Corporation had the following transactions and events.
1. | Declared a cash dividend. | |
2. | Issued par value common stock for cash at par value. | |
3. | Completed a 2-for-1 stock split in which $10 par value stock was changed to $5 par value stock. | |
4. | Declared a small stock dividend when the market price was higher than par value. | |
5. | Made a prior period adjustment for overstatement of net income. | |
6. | Issued the shares of common stock required by the stock dividend declaration in item no. 4 above. | |
7. | Paid the cash dividend in item no. 1 above. | |
8. | Issued par value common stock for cash above par value. |
Indicate the effect(s) of each of the foregoing items on the subdivisions of stockholders equity.
We have there choices 1 Increase 2 Decrease 3 No Effect for each above.
Capital Stock Additional Retained Earnings
No Effect No Effect Decrease
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