Consider each of the following transactions separately from every other transaction: a. Issuance of 57,000 shares of

Question:

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

a. Issuance of 57,000 shares of $$1$ par common at \($13.

b.\) Purchase of 1,800 shares of treasury stock (par value at $$0.50)$ at $$8$ per share.

c. Issuance of a 10% stock dividend. Before the dividend, 500,000 shares of $$1$ par common stock were outstanding; market value was $$9$ at the time of the dividend.

d. Sale of 200 shares of $$1$ par treasury stock for $$10$ per share. Cost of the treasury stock was $$5$ per share.

e. Split stocks 3-for-1. Prior to the split, 120,000 shares of $$10$ par common stock were outstanding.

Requirement 1. Identify whether each transaction increased, decreased, or did not change total stockholders’ equity.

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