Determine the effects of the following transactions on Current assets,current liabilities and working capital  Choices are: Increase, decrease, No change   1.Declares cash dividends 2. Required shares of preferred by paying cash 3. Issues  additional shares of capital stock to pay of notes payable  4. Sells inventories on a 30 the day note for 20,000 Please answer it completely.

Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter17: Financial Statement Analysis
Section: Chapter Questions
Problem 4AP
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Determine the effects of the following transactions on Current assets,current liabilities and working capital 

Choices are:

Increase, decrease, No change

 

1.Declares cash dividends

2. Required shares of preferred by paying cash

3. Issues  additional shares of capital stock to pay of notes payable 

4. Sells inventories on a 30 the day note for 20,000

Please answer it completely.

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