Question: Exercise 1 3 - 7 ( Algo ) Financial statement impact of dividends and splits LO P 2 For each dividend and stock split issued,

Exercise 13-7(Algo) Financial statement impact of dividends and splits LO P2
For each dividend and stock split issued, determine the impact-increase, decrease, or no effect-on total assets, total liabilities, and total equity.
\table[[,Total Assets,Total Liabilities],[$17,000 cash dividend,,],[8% stock dividend,,],[40% stock dividend,,],[5-for-1 stock split,,]]
 Exercise 13-7(Algo) Financial statement impact of dividends and splits LO P2

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