Use I = Increase, D = Decrease, or N = No effect, to indicate the effect on retained earnings for each of the listed transactions.
D
A net loss for the year
D
A stock split effected in the form of a stock dividend
N
A stock split in which the par per share is reduced (but not effected in the form of stock dividend)
D
Declaration of a 5% stock dividend
D
Declaration of a cash dividend
D
Declaration of a property dividend
N
Issue common stock
N
Issue of stock for non cash assets
I
Net income for the year
N
Payment of previously declared cash dividend
N
Purchase of treasury stock at a cost greater than the original issue price
N
Purchase of treasury stock at a cost less than the original issue price
D
Resale of treasury stock for less than carrying value assuming no previous treasury stock sales
N
Resale of treasury stock for more than cost
D
Reseal of treasury stock for less than cost, assuming no previous treasury stock sales
D
Retirement of common stock at a cost greater than the original issue price
N
Retirement of common stock at a cost less than the original issue price
