Identify the effects-both the direction and the dollar amount-of these assumed transactions on the total stockholders' equity of Newberry Corporation. Each transaction is independent.
a. Declaration of cash dividends of $82 million.
b. Payment of the cash dividend in (a).
c. A 25% stock dividend. Before the dividend, 73 million shares of $1.00 par common stock were outstanding; the market value was $19.88 at the time of the dividend.
d. A 30% stock dividend. Before the dividend, 73 million shares of $1.00 par common stock were outstanding; the market value was $18.50 at the time of the dividend.
e. Purchase of 1,700 shares of treasury stock (par value $1.00) at $17.25 per share.
f. Sale of 600 shares of the treasury stock for $ 19.00 per share. Cost of the treasury stock was $17.25 per share.
g. A 2-for-l stock split. Prior to the split, 73 million shares of $1.00 par common stock were outstanding.