Wednesday, January 2, 2019

EX 1-11 Effect of transactions on stockholders’ equity

Indicate whether each of the following types of transactions will either (a) increase stockholders’ equity or (b) decrease stockholders’ equity:

1. expenses
2. issuing common stock in exchange for cash
3. dividends
4. revenues


Answer:
1. (b) decrease 
2. (a) increase 
3. (b) decrease 

4. (a) increase 

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