Stock Dividends and Stock Splits Have the Following Effects on Retained

Short Answer

Stock dividends and stock splits have the following effects on retained earnings: $$\begin{array} { l c c } & \text { Stock Splits } & \text { Stock Dividends } \\\text { a. } & \text { Increase } & \text { No change } \\\text { b. } & \text { No change } & \text { Decrease } \\\text { c. } & \text { Decrease } & \text { Decrease } \\\text { d. } & \text { No change } & \text { No change }\end{array}$$