Requir Indicate the effect of the transactions listed below on each of the following: net income,...

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Requir Indicate the effect of the transactions listed below on each of the following: net income, Retained Earnings, and stockholders' equity. Use + to indicate an increase, - to indicate a decrease, and 0 to indicate no effect. Assume an initial current ratio of more than 1 to 1. Transaction a. A cash dividend is declared and paid. b. Cash is obtained through long-term bank loans. (Do not consider interest.) c. Equipment is purchased with short-term notes. (Do not consider interest.) d. Merchandise is purchased on credit. e. A fixed asset is sold for more than book value. f. A stock split takes effect. g. Current operating expenses not previously recognized are paid. h. A firm recognizes depreciation expense. i. A firm refinances short-term notes with long-term notes. (Ignore interest.) Net Income Retained Stockholders' Earnings Equity Requir Indicate the effect of the transactions listed below on each of the following: net income, Retained Earnings, and stockholders' equity. Use + to indicate an increase, - to indicate a decrease, and 0 to indicate no effect. Assume an initial current ratio of more than 1 to 1. Transaction a. A cash dividend is declared and paid. b. Cash is obtained through long-term bank loans. (Do not consider interest.) c. Equipment is purchased with short-term notes. (Do not consider interest.) d. Merchandise is purchased on credit. e. A fixed asset is sold for more than book value. f. A stock split takes effect. g. Current operating expenses not previously recognized are paid. h. A firm recognizes depreciation expense. i. A firm refinances short-term notes with long-term notes. (Ignore interest.) Net Income Retained Stockholders' Earnings Equity