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 - Page 74: 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.
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