Many types of transactions may affect stockholders' equity. Identify the effects of the following transactions on total stockholders' equity. Each transaction is independent. LOADING... (Click the icon to view the transactions.) (Complete all input boxes. For transactions with no effect, make sure to enter "0" in the amount column.) Effect on Total Stockholders' Equity Amount a. A 10% stock dividend. Before the dividend, 580,000 shares of $1 par value common stock were outstanding; market value was $4 per share at the time of the dividend. b. A 2-for-1 stock split. Prior to the split, 61,000 shares of $3 par value common stock were outstanding. c. Purchase of 1,300 shares of $0.50 par treasury stock at $6 per share. d. Sale of 600 shares of $0.50 par treasury stock for $7 per share. Cost of the treasury stock was $6 per share. a. A 10% stock dividend. Before the dividend, 580,000 shares of $1 par value common stock were outstanding; market value was $4 per share at the time of the dividend. b. A 2-for-1 stock split. Prior to the split, 61,000 shares of $3 par value common stock were outstanding. c. Purchase of 1,300 shares of $0.50 par treasury stock at $6 per share. d. Sale of 600 shares of $0.50 par treasury stock for $7 per share. Cost of the treasury stock was $6 per share.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 10BE

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Many types of transactions may affect stockholders' equity. Identify the effects of the following transactions on total stockholders' equity. Each transaction is independent.

(Click

the icon to view the transactions.)

(Complete all input boxes. For transactions with no effect, make sure to enter "0" in the amount column.)

Effect on Total Stockholders' Equity

Amount

A 10% stock dividend. Before the dividend, 580,000 shares of $1 par value common stock were outstanding; market value was $4 per share at the time of the dividend.

A 2-for-1 stock split. Prior to the split, 61,000 shares of $3 par value common stock were outstanding.

Purchase of 1,300 shares of $0.50 par treasury stock at $6 per share.

Sale of 600 shares of $0.50 par treasury stock for $7 per share. Cost of the treasury stock was $6 per share.

a.	A 10% stock dividend. Before the dividend, 580,000 shares of $1 par value common stock were outstanding; market value was $4 per share at the time of the dividend.
b.	A 2-for-1 stock split. Prior to the split, 61,000 shares of $3 par value common stock were outstanding.
c.	Purchase of 1,300 shares of $0.50 par treasury stock at $6 per share.
d.	Sale of 600 shares of $0.50 par treasury stock for $7 per share. Cost of the treasury stock was $6 per share.

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