Indicate whether each of the following transactions increases (+), (decreases (-), or has no effect (NE) on total assets, total liabilities, and total stockholders' equity (common stock and retained earnings). The first transaction is completed as an example. Transactions: a) Issued common stock b) Issued preferred stock c) Purchase treasury stock d) Resell treasury stock e) Declare cash dividend f) Pay cash dividend 8) 2-for-1 stock split SHAREHOLDERS' EQUITY ASSETS = LIABILITIES + CONTRIBUTED CAPITAL + RETAINED EARNINGS а) + NE NE b) c) d) e) f)

Indicate whether each of the following transactions increases (+), (decreases (-), or has no effect (NE) on total assets, total liabilities, and total stockholders' equity (common stock and retained earnings). The first transaction is completed as an example. Transactions: a) Issued common stock b) Issued preferred stock c) Purchase treasury stock d) Resell treasury stock e) Declare cash dividend f) Pay cash dividend 8) 2-for-1 stock split SHAREHOLDERS' EQUITY ASSETS = LIABILITIES + CONTRIBUTED CAPITAL + RETAINED EARNINGS а) + NE NE b) c) d) e) f)

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter11: Stockholders' Equity

Section: Chapter Questions

Problem 11.1E

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