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(Solved by Expert Tutors) 13. During 2010, Pine Corporation had the following transactions and ev


stock for cash at par value.2.Issued par value common stock for cash at an amount greater the par value.3.Completed a 2 for 1 split in which the $10 par value common stock was changed to $5 par value stock.4.Declared a small stock dividend when the market value was higher than the par value.5.Declared a cash dividend.6.Made a prior period adjustment for understatement of net income.7.Issued par value common stock for cash at par value.8.Paid the cash dividend.9.Issued the shares of common stock required by the stock dividend declaration in #4 above.INSTRUCTIONSIndicate the effect (s) of each of the forgoing items on the subdivisions of stockholders? equity. Present your answers in tabular form with the following columns. Use (I) for increase, (D) for decrease and (NE) for no effect. Paid-in Capital Capital Additional RetainedItem No. Stock Paid-in Capital Earnings1.2. 3.4. 5.6.7.8.9.

 


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