Complete the following chart by inserting anX for each statement that is true. Cash dividend Stock dividend
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Question:
Complete the following chart by inserting an"X" for each statement that is true.
| Cash dividend | Stock dividend | Stock split |
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Decreases retained earnings |
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Has no effect on a liability |
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Increases paid-in capital by the |
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same amount that it decreases |
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retained earnings |
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Decreases both total assets and |
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total stockholders' equity |
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Has no effect on total |
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stockholders' equity |
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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