Consider each of the following transactions separately from every other transaction: a. Issuance of 60,000 shares of

Question:

Consider each of the following transactions separately from every other transaction:

a. Issuance of 60,000 shares of $5 par common at $14

b. Purchase of 1,000 shares of treasury stock (par value at $3) at $8 per share

c. Issuance of a 20 percent stock dividend; before the dividend, 300,000 shares of $5 par common stock were outstanding and market value was $10 at the time of the dividend

d. Sale of 400 shares of $3 par treasury stock for $8 per share; cost of the treasury stock was $5 per share

e. Split stocks 3-for-1; prior to the split, 20,000 shares of $10 par common stock were outstanding

Requirements

Identify whether each transaction increased, decreased, or did not change total stockholders' equity?

Common Stock
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