Niles Corporation completed the following selected transactions during the current year Mar 3 Distributed a 10 stock dividend on the 90,000 common shares outstanding The market price of the common shares was $25 per share May 16 Declared a cash dividend on the $5 preferred shares (5,000 shares outs...

ASSETS LIABILITIES SHAREHOLD ...

Niles Corporation completed the following selected transactions during the current year: Mar. 3 Distributed a 10% stock

Question:

Niles completed the following selected transactions during the current year:
Mar. 3 Distributed a 10% stock on the 90,000 common shares outstanding. The market price of the common shares was $25 per share.
May 16 Declared a cash on the $5 preferred shares (5,000 shares outstanding).
30 Paid the cash dividends.
Dec. 8 Issued 1,500 common shares for $27 per share.
19 Issued 10,000 common shares for $28 per share.
Requirement
Analyze each transaction in terms of its effect (in dollars) on the accounting equation of Niles Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...