Question# 1 Describe the directional effect (increase, decrease, or no effect) of each transaction on the components of the book value of common shareholders' equity shown in the chart below. a) Issuance of $1 par value common stock at an amount greater than par value b) Donation of land by a governmental unit to a corporation c) Previously declared cash dividend paid d) Large stock dividend declared and issued e) 2-for-1 stock split announced and issued f) Stock options granted g) Treasury stock acquired (company uses the cost method) h) Recognition of compensation expense related to restricted stock i) Granting of stock appreciation rights to be settled with cash j) Reacquisition and retirement of common stock at an amount greater than original issue Price. Common Additional Income Retained Treasury Stock Total Stock Paid in Statement Earnings Common Сapital at Cost Shareholders' Equity a) b) c) d) e) f) g) h) i) j)

Question# 1 Describe the directional effect (increase, decrease, or no effect) of each transaction on the components of the book value of common shareholders' equity shown in the chart below. a) Issuance of $1 par value common stock at an amount greater than par value b) Donation of land by a governmental unit to a corporation c) Previously declared cash dividend paid d) Large stock dividend declared and issued e) 2-for-1 stock split announced and issued f) Stock options granted g) Treasury stock acquired (company uses the cost method) h) Recognition of compensation expense related to restricted stock i) Granting of stock appreciation rights to be settled with cash j) Reacquisition and retirement of common stock at an amount greater than original issue Price. Common Additional Income Retained Treasury Stock Total Stock Paid in Statement Earnings Common Сapital at Cost Shareholders' Equity a) b) c) d) e) f) g) h) i) j)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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