Question
use the following lost of transactions / events for the next two questions (i) a cash dividend of $0.50 per share is declared, but not
use the following lost of transactions / events for the next two questions
(i) a cash dividend of $0.50 per share is declared, but not distributed
(ii) a 10 percent stock dividend is declared and issued
(iii) 500 shares of treasury stock are purchased
(iv) additional shares of common stock are sold
(v) a two for one stock split is declared and the new shares are issued
1.) which of the transactions/events will decrease retained earnings
a. i and ii
b. i , iii and iv
c. ii, iii and v
d. ii and iv
2.) which of the transactions/events will not affect total assets
a. i ii and iv
b ii, iii and iv
c i, ii and v
d ii, iii and v
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