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View Policies Current Attempt in Progress During 2020, Roblez Corporation had the following transactions and events. 1. Declared a cash dividend. 2. 1 2
View Policies Current Attempt in Progress During 2020, Roblez Corporation had the following transactions and events. 1. Declared a cash dividend. 2. 1 2 3 4 3. Issued par value common stock for cash at par value. Completed a 2-for-1 stock split in which $10 par value stock was changed to $5 par value stock. Declared a small stock dividend when the market price was higher than par value. Made a prior period adjustment for overstatement of net income. 4. 5. 6. 7. 8. Issued par value common stock for cash above par value. Issued the shares of common stock required by the stock dividend declaration in item no. 4 above. Paid the cash dividend in item no. 1 above. Indicate the effect(s) of each of the foregoing items on the subdivisions of stockholders' equity. Paid-in Capital Item Capital Stock Additional Retained Earnings 1. No Effect No Effect Decrease 2. > 3. 4. > 6. 7. 8. > v > < > <
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