Select whether each of the following transactions increases (+) or decreases) to

ID: 2411932 • Letter: S

Question

Select whether each of the following transactions increases (+) or decreases) total assets, total liabilities, and total stockholders' equity. The first transaction is completed as an example. (If none of the categories apply for a particular item, leave the cell blank.) Total Transaction Total Assets Total Liabilities Stockholders' Equity Issue common stock Issue preferred stock Purchase treasury stock Sale of treasury stock Declare cash dividend Pay cash dividend 100% stock dividend 2-for-1 stock split

Explanation / Answer

Total Transaction Total total Stockholders Assets liabilities Equity Issue common stock + + issue preferred stock + + purchase treasury stock - - Sale of treasury stock + + Declare cash dividend + - pay cash dividend - - 100% stock dividend 2-for -1 stock split 100% stock dividend will have nil affect as stock dividend is distributed from retained earnings retained earnings will decrease and stock will increase the net affect of the entry will be nil stock split will not change total stock holders equity only shares will double and par value will be halved , so no effect

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Select whether each of the following transactions increases (+) or decreases) to

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