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The Following Items Appeared on the Financial Statements of Monroe

Question 133

True/False

The following items appeared on the financial statements of Monroe, Incorporation on December 31, Year 1:.
_____ a)Retained earnings increases by $224,000 as a result of the stock dividend.
_____ b)The balance in the common stock account increases by $64,000 as a result of the stock dividend.
_____ c)Total paid-in capital will be $2,224,000 after the stock dividend had been distributed.
_____ d)Total stockholders' equity is not affected by the dividend.
_____ e)Cash flows from financing activities increases by $224,000 as a result of the stock dividend.

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