Question
II. Transaction Analysis. For each of the following transactions below, analyze the effect of the transaction on the account balances indicated. For each blank, indicate
II. Transaction Analysis. For each of the following transactions below, analyze the effect of the transaction on the account balances indicated. For each blank, indicate I (for increase), D (for decrease) or NE (for no effect)
1. Declaration and distribution of a 2 for 1 stock split.
2. Issue of common stock for more than par value.
3. Reissue of treasury stock for less than its cost.
4. Declaration of a cash dividend
5. Declaration of a 100% stock dividend.
6. Distribution of a 100% stock dividend previously declared
Stockholders Paid in Retained
Assets Liabilities Equity Capital Earnings Net Income
1. ______ ______ ______ ______ ______ ______
2. ______ ______ ______ ______ ______ ______
3. ______ ______ ______ ______ ______ ______
4. ______ ______ ______ ______ ______ ______
5. ______ ______ ______ ______ ______ ______
6. ______ ______ ______ ______ ______ ______
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