Which of the following transactions have the potential to directly affect the retained earnings portion of equity?
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Which of the following transactions have the potential to directly affect the retained earnings portion of equity? Exclude indirect effects such as the transfer of income into retained earnings at the end of a year.
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Account Declaration of a cash dividend Issuance of common shares Issuance of preferred shares Appropriation for a reserve Stock split Declaration of a stock dividend Omission of a cumulative dividend on preferred shares Has potential to directly affect retained earnings No direct effect on retained earnings
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Declaration of a cash dividend Yes A cash dividend has a direct effect on the retained earnings port...View the full answer
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