Indicate Whether Each of the Following Transactions Increases (+),Decreases (-),Or

question 58

Essay

Indicate whether each of the following transactions increases (+),decreases (-),or has no effect (NE)on total assets,total liabilities,and total stockholders' equity.
$$\begin{array} { l c c c } & \begin{array} { c } \text { Total } \\\text { Assets }\end{array} & \begin{array} { c } \text { Total } \\\text { Liabilities }\end{array} & \begin{array} { c } \text { Sotal } \\\text { Squolders' } \\\text { Equity }\end{array} \\\text { Transaction }\\\text { Issue common stock } & & & \\\text { Issue preferred stock } & & & \\\text { Repurchase treasury stock } & & & \\\text { Sale of treasury stock } & & \\\text { Declare cash dividend } & & \\\text { Pay cash dividend } & & \\\text { 100\% stock dividend } & & \\\text { 2-for-1 stock split }\end{array}$$

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Definitions:

FIFO Method

A process costing method in which equivalent units and unit costs relate only to work done during the current period.

Process Costing System

A technique for evaluating the cost of production where costs are assigned to batches of products, typically applicable in manufacturing environments where products are identical.

Dust Density Sensors

Devices used to measure the concentration of particulate matter in the air to monitor pollution levels or workplace safety.

First-In, First-Out Method

An inventory valuation method assuming that the first items purchased are also the first items sold.