The following are selected transactions that may affect shareholders’ equity. Assuming the company follows IFRS (including IAS 39), indicate the effect that each of the 13 transactions has on the financial statement elements that are listed.

	Item		Assets	Liabilities	Shareholders’ Equity	Share Capital	Contributed Surplus	Retained Earnings	Accumulated Other Comprehensive Income	Net Income
1.	Converted bonds to common shares.
2.	Declared a cash dividend.
3.	Effected a stock split.
4.	Recorded the expiration of insurance coverage that was previously recorded as prepaid insurance.
5.	Paid the cash dividend declared in item 2 above.
6.	Recorded accrued interest expense on a note payable.
7.	Recorded an increase in the fair value of an FV-OCI investment in shares that will be distributed as a property dividend. The carrying amount of the FV-OCI investment was greater than its cost. The shares are traded in an active market.

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