21. Indicate what the effect is on the accounting equation - increase (I), decre

Question

21. Indicate what the effect is on the accounting equation - increase (I), decrease (D), or no effect (NE) of the following
total assets/ total liabilities/total SE Issue common Stock Purchase treasury stock Declare cash dividend Pay cash dividend
21. Indicate what the effect is on the accounting equation - increase (I), decrease (D), or no effect (NE) of the following
total assets/ total liabilities/total SE Issue common Stock Purchase treasury stock Declare cash dividend Pay cash dividend
21. Indicate what the effect is on the accounting equation - increase (I), decrease (D), or no effect (NE) of the following
total assets/ total liabilities/total SE Issue common Stock Purchase treasury stock Declare cash dividend Pay cash dividend

Explanation / Answer

Total Asset Total Liabilities Total Shareholder equity Reasone Issue common Stock I NE I Asset increase by increase in cash or other asset and total shareholder equity increased by increase in common stock Purchase treasury stock D NE D Cash is paid hence asset decrease and Total Shareholder Equity is decreased by decrease in No share Declare cash dividend I D Liability is created and retained earning is reduced Pay cash dividend D D NE Dividend payable is paid hence liability is reduced and Cash is Paid hence Asset decrease

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