Cash and stock dividendsat december 31 2014 white company, Ask an Expert

Accounting

Cash and Stock Dividends

At December 31, 2014, White Company has the following:

Common Stock, $10 par, 10,000 shares authorized, 9,000 issued, 8,000 outstanding

Required

Indicate whether the following would increase, decrease, or have no effect on (a) assets, (b) retained earnings, and (c) total stockholders' equity.

A company declares and pays a cash dividend of $25,000.

A company declares and issues a 10% stock dividend.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91624348

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