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    Indicate whether the following actions would (+) increase, (-) decrease, or (0) not affect a company's total assets, liabilities, and stockholders' equity.

    Assets Liabilities Stockholders 'Equity
    (1) Declaring a cash dividend
    (2) Paying the cash dividend declared in (1)
    (3) Declaring a stock dividend
    (4) Issuing stock certificates for the stock dividend declared in (3)

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    Declaring a cash dividend
    - No impact on Assets
    - Increases Liabilities (Dividends Payable)
    - ...

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