Cash and Stock Dividends
At December 31, 2014, White Company has the following:
Common Stock, $10 par, 10,000 shares authorized, 9,000 issued, 8,000 outstanding
Required
Indicate whether the following would increase, decrease, or have no effect on (a) assets, (b) retained earnings, and (c) total stockholders' equity.
A company declares and pays a cash dividend of $25,000.
A company declares and issues a 10% stock dividend.