Essay
In the chart below,assign the directional effect (I = increase,D = decrease,or NE = no effect)of each of the following six transactions on the components of the book value of common shareholders' equity.
a.Issuance of $1 par value common stock at an amount greater than par value.
b.Donation by a governmental unit to a corporation.
c.Cash dividend declared.
d.Previously declared cash dividend paid.
e.Property dividend declared and paid.
f.Large stock dividend declared and issued.
Correct Answer:

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