For each dividend and stock split issued, determine the impact—increase, decrease, or no effect—on total assets, total liabilities, and total equity. Total Assets Total Liabilities Total Equity $5,000 cash dividend 7% stock dividend 40% stock dividend 7-for-1 stock split

For each dividend and stock split issued, determine the impact—increase, decrease, or no effect—on total assets, total liabilities, and total equity. Total Assets Total Liabilities Total Equity $5,000 cash dividend 7% stock dividend 40% stock dividend 7-for-1 stock split

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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Question

For each dividend and stock split issued, determine the impact—increase, decrease, or no effect—on total assets, total liabilities, and total equity.

	Total Assets	Total Liabilities	Total Equity
$5,000 cash dividend
7% stock dividend
40% stock dividend
7-for-1 stock split

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