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How would declaration of twenty percent stock dividend

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Reference no: EM132936915

Problem 1: How would the declaration of a 20 percent stock dividend by Jets Corporation affect each of the following accounts on Jets' balance sheet?

Retained Earnings     Total Stockholders equity

a. Decrease                     Decrease
b. Decrease                     No effect
c. No effect                      Decrease
d. No effect                           No effect

Problem 2: A restriction of retained earnings is most likely to be required by

a. incurring a net loss in the current year.
b. incurring a net loss in the prior year.
c. purchasing treasury stock.
d. reissuing treasury stock.

Reference no: EM132936915

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