Use I = Increase, D = Decrease, or N = No effect, to indicate the effect on retained earnings for each of the listed transactions.

1. ___ A net loss for the year.

2. ___ A stock split effected in the form of a stock dividend.

3. ___ A stock split in which the par per share is reduced (but not effected in the form of a stock dividend).

4. ___Declaration of a 5% stock dividend.

5. __ Declaration of a cash dividend.

6.___ Issue stock for non cash assets.

7. ___ Payment of previously declared cash dividend

8.___ Retirement of common stock at a cost greater than the original issue price.

9.___ Retirement of common stock at a cost less than the original issue price.

10.___ Resale of treasury stock for less than book value.