For each of the following tranactions indicate the dollar impact if any on the following 5 items 1) total assets 2) common stock 3) paid in capital in excess of par 4)retained earning 5) stockholders equity a) Sage declares and issues a 10% stock dividend when the market price of the stock is $13 per share b) Sage declare and issue a 27% stock dividend when the market price of the stock is $15 per share c) Sage declare and distributes a property dividend Sage gives one share of its equity investment (ABC stock) for every 2 shares of Sage Company of stock held. Sage owns 9800 shares of ABC. ABC is selling for $9 per share on the date the property dividend is declared.
Common stock ($5 par) $21,100
Pd in capital in excess of par 110,200
For each of the following tranactions indicate the dollar impact if any on the following 5 items
1) total assets
2) common stock
3) paid in capital in excess of par
4)retained earning
5)
a) Sage declares and issues a 10% stock dividend when the market price of the stock is $13 per share
b) Sage declare and issue a 27% stock dividend when the market price of the stock is $15 per share
c) Sage declare and distributes a property dividend Sage gives one share of its equity investment (ABC stock) for every 2 shares of Sage Company of stock held. Sage owns 9800 shares of ABC. ABC is selling for $9 per share on the date the property dividend is declared.
Step by step
Solved in 4 steps
