Question: Complete the following chart by inserting anX for each statement that is true. Cash dividend Stock dividend Stock split Decreases retained earnings Has no effect

Complete the following chart by inserting an"X" for each statement that is true.

 

Cash dividend

Stock dividend

Stock split

Decreases retained earnings

 

 

 

Has no effect on a liability

 

 

 

Increases paid-in capital by the

 

 

 

same amount that it decreases

 

 

 

retained earnings

 

 

 

Decreases both total assets and

 

 

 

total stockholders' equity

 

 

 

Has no effect on total

 

 

 

stockholders' equity

 

 

 


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