Total Net Retained Stockholders\' Profit Earnings Equity a b c d e f g h i j P 8
ID: 2551220 • Letter: T
Question
Total Net Retained Stockholders' Profit Earnings Equity a b c d e f g h i j P 8-11 Transactions affect various financial statement amounts. Retained Net Profit Eings Total Stockholders' Equity a. A stock dividend is declared and paid. b. Merchandise is purchased on credit. c. Marketable securities are sold above cost. d. Accounts receivable are collected. e. A cash dividend is declared and paid. f. Treasury stock is purchased and recorded at cost. g. Treasury stock is sold above cost. h. Common stock is sold. i. A fixed asset is sold for less than book value j. Bonds are converted into common stock. Required Indicate the effects of the previous transactions on each of the following: net profit, retained earnings, total stockholders' equity. Use to indicate an increase, - to indicate a decrease, and 0 to indicate no effect.Explanation / Answer
Net Profit Retained Earnings Total Stockholders' Equity a. 0 - 0 b. - - - c. + + + d. 0 0 0 e. 0 - - f. 0 0 - g. 0 0 + h. 0 0 + i. - - - j. + + +