Question
For each item listed in the Item column, indicate with an I for increase, a D for decrease, or a NE for no effect, caused
For each item listed in the Item column, indicate with an I for increase, a D for decrease, or a NE for no effect, caused by each type transaction listed on top of columns 2 thru 6. Hint: look at what happens to the affected accounts as a result of each transaction.
1 Item | 2 Declaration of a cash dividend | 3 Payment of a previously recorded cash dividend | 4 Declaration of a stock dividend | 5 Distribution of a previously recorded stock dividend |
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Assets |
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Liabilities |
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Total Capital |
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Retained Earnings |
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Par value per share |
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Total shares outstanding |
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