The Board of Directors of Atlantic Corp

The board of directors of Atlantic Corp.does is deciding whether to declare and pay a cash dividend or to declare and distribute a stock dividend.
Complete the following chart to show the overall effect on each financial statement item for a cash dividend and a stock dividend.Enter the letter "I" if the effect of the dividend is to increase the financial statement item,a letter "D" if the effect of the dividend is to decrease the financial statement item,or a letter "N" if there is no overall effect.(Hint: Think of the journal entries that would be prepared for a cash dividend and a stock dividend.The overall effect is the net effect from declaration to final payment or distribution. )