Retained earnings is affected by each of the following except a:
A) cash dividend.
B) large stock dividend.
C) small stock dividend.
D) stock split.

Question

Quizplus · Accepted Answer

Stock splits do not affect retained earnings because they do not distribute any value to shareholders; instead, they simply change the number of outstanding shares and the per-share price without altering the company's equity or retained earnings.

Retained Earnings Is Affected by Each of the Following Except