Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 2 - A Further Look at Financial Statements - Brief Exercises: BE2-4

Answer

a) ICS b) DRE c) IRE d) DRE

Work Step by Step

a) Issuing new shares of common stock increases the amount of common stock. b) Cash dividends reduce the balance of retained earnings. c) Net income increases retained earnings. d) A net loss decreases retained earnings.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.