Solution-Indicate whether the event would increase retained

Indicate whether the event would increase retained earnings

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Reference no: EM13483062

For each of the following events affecting the stockholders" equity of Willis, indicate whether the event would: increase retained earnings (IRE), decrease retained earnings (DRE), increase common stock (ICS), or decrease common stock (DCS).

_____ (a) Issued new shares of common stock.

_____ (b) Paid a cash dividend.

_____ (c) Reported net income of $75,000.

_____ (d) Reported a net loss of $20,000.

Reference no: EM13483062

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