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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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