Exercise 13-7 Financial statement impact of dividends and splits P2 For each dividend and stock split issued, determine the impact-increase, decrease, or no effect-on total assets, total liabilities, and total equity. $5,000 cash dividend 7% stock dividend 40% stock dividend 7-for-1 stock split Total Assets Total Liabilities Total Equity

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Exercise 13-7
Financial statement impact
of dividends and splits
P2
For each dividend and stock split issued, determine the impact-increase, decrease, or no effect-on total
assets, total liabilities, and total equity.
quan
$5,000 cash dividend
7% stock dividend
40% stock dividend
7-for-1 stock split
Total Assets
Total Liabilities
Total Equity
Transcribed Image Text:Exercise 13-7 Financial statement impact of dividends and splits P2 For each dividend and stock split issued, determine the impact-increase, decrease, or no effect-on total assets, total liabilities, and total equity. quan $5,000 cash dividend 7% stock dividend 40% stock dividend 7-for-1 stock split Total Assets Total Liabilities Total Equity
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