1) Match each item/event pair below with the indicated change in the item. An individual classification may be used more than once, or not at all. For each dividend, assume that both declaration and payment or distribution has occurred. Classifications A. Item increases B. Item decreases C. Item is unchanged D. Direction of change cannot be determined [10] Item 1. Book value per share Event Stock dividend 2. Legal capital per common share Cash dividend 3. Total retained earnings Stock split Prior period adjustment increases last year's net income 4. Total shareholders' equity 5. Earnings per common share Restriction of retained earnings 6. Total retained earnings Change in accounting principle Stock dividend 7. Number of common shares issued Cash dividend 8. Total retained earnings Stock dividend 9. Total contributed capital Stock dividend 10. Legal capital per common share

1) Match each item/event pair below with the indicated change in the item. An individual classification may be used more than once, or not at all. For each dividend, assume that both declaration and payment or distribution has occurred. Classifications A. Item increases B. Item decreases C. Item is unchanged D. Direction of change cannot be determined [10] Item 1. Book value per share Event Stock dividend 2. Legal capital per common share Cash dividend 3. Total retained earnings Stock split Prior period adjustment increases last year's net income 4. Total shareholders' equity 5. Earnings per common share Restriction of retained earnings 6. Total retained earnings Change in accounting principle Stock dividend 7. Number of common shares issued Cash dividend 8. Total retained earnings Stock dividend 9. Total contributed capital Stock dividend 10. Legal capital per common share

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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