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. (4 points)

a. A stock dividend

b. Impairment of goodwill from a past acquisition (not tax deductible)

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

d. Impairment of goodwill from a past acquisition (a portion is tax deductible)

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

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

g. A corporate name change with a change in business focus