Determine the Effect of the Following Transactions on the Financial

question 37

Essay

Determine the effect of the following transactions on the financial statement components identified.Code your answers as follows:
A: If the transaction results in an increase in the financial statement component.
B: If the transaction results in a decrease in the financial statement component.
C.If the transaction does not affect the financial statement component.
Transaction 1: A cash dividend was declared.
Net income _____
Total assets _____
Total liabilities ______
Stockholders' equity _____
Transaction 2: A previously declared cash dividend was paid.
Net income _____
Total assets _____
Total liabilities ______
Stockholders' equity _____
Transaction 3: A 2-for-1 stock split was declared and distributed.
Net income _____
Total assets _____
Total liabilities _____
Stockholders' equity _____
Transaction 4: A common stock dividend was declared and distributed.
Net income _____
Total assets _____
Total liabilities _____
Stockholders' equity _____

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Definitions:

Protein

Large biomolecules or macromolecules that are made up of one or more chains of amino acid residues.

Ala-Gly-Lys

A tripeptide composed of alanine, glycine, and lysine amino acids, often referenced in discussions of protein structure and function.

Alanine

A nonessential amino acid that plays a crucial role in glucose metabolism and immune system function.

Glycine

The simplest amino acid in living organisms, involved in the synthesis of proteins, without a chiral center, and serving as a neurotransmitter.