Exercise 8-23 Practice problem

Exercise 8-23 Effect of cash dividend and stock split Indicate whether the following actions would (+) increase, (-) decrease, or (0) not affect Loma Express Inc.'s total assets, liabilities, and stockholder's equity: ASSETS (1) Declaring a cash dividend (2) Paying the cash dividend declared in (1) (3) Authorizing and issuing stock certifcates in a stock split (4) Declaring a stock dividend (5) Issuing stock certificates for the stock dividend declared in (4) LIABILITIES STOCKHOLDERS' EQUITY