1. Classify the following actions into value changing and value neutral actions. If value changing, specify whether it will increase or decrease the intrinsic value of equity in a business.

_______a. Initiate a stock dividend

_______b. A non-cash restructuring charge (not tax deductible)

_______c. A non-cash restructuring charge (tax deductible)

_______d. A corporate name change with no change in business focus

_______e. Announcement of acquiring another firm