Determine the Effect of the Following Transactions on the Financial

Essay

Determine the effect of the following transactions on the financial statement components identified.Code your answers as follows:
A: If the transaction results in an increase in the financial statement component.
B: If the transaction results in a decrease in the financial statement component.
C.If the transaction does not affect the financial statement component.
Transaction 1: A cash dividend was declared.
Net income _____
Total assets _____
Total liabilities ______
Stockholders' equity _____
Transaction 2: A previously declared cash dividend was paid.
Net income _____
Total assets _____
Total liabilities ______
Stockholders' equity _____
Transaction 3: A 2-for-1 stock split was declared and distributed.
Net income _____
Total assets _____
Total liabilities _____
Stockholders' equity _____
Transaction 4: A common stock dividend was declared and distributed.
Net income _____
Total assets _____
Total liabilities _____
Stockholders' equity _____