Could you explain each step very clearly
like A=L+OE system
Homework Answers
| Transaction | Assets | Liabilities | Shareholders' Equity | Number of Shares |
| (c) Declared a stock dividend | No Effect | No Effect | No Effect | No Effect |
| (d) Distributed the stock dividend declared in (c) | No Effect | No Effect | No Effect | Increase |
Explanation:
(c) On declaration of the stock dividend there is no effect on the accounting equation. The change is only within the shareholders' equity as the amount is transferred from retained earnings to paid-in capital.
(d) On distribution of the stock divided, there will only be an increase in the number of shares. There will be no effect on the accounting equation.
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Could you explain each step very clearly
like A=L+OE system
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