28 of 31 Sandhill Company provides you with the following condensed balance sheet information Assets -17 1 Question 23 Maple Choke Pred Question 24 Maple Check 75 Current assets $78.000 Question 25 Equity investments (Liquid Co stock: 44,000 shares at cost) 140,000 Equipment (net) 187,000 Question 26 intangibles 90.000 Total assets $495,800 Question 27 MyChe Liabilities and Stockholders' Equity Current and long-term liabilities $118,000 Viewing Question 28 -17 Stockholders' equity Common stock ($1 par $42.000 Question 29 Paid-in capital in excess of par 187,000 Question 30 Retained earnings 148.800 377,800 $495.000 Total liabilities and stockholders' equity Question 31 Question 28 of 31 /7 E For each transaction below, indicate the dollar impact (if any) on the following five items: (1) total assets, (2) common stock, (3) paid-in capital in excess of par, (4) retained earnings, and (5) stockholders' equity (Each situation is independent. Question 23 Witgle Owice Question 24 (a) Sandhill declares and pays a $0.25 per share cash dividend. (1) Total assets (2) Common stock (3) Paid-in capital in excess of par (4) Retained earnings $ (5) Total stockholders equity $ Question 25 Multiple Che Question 26 Question 27 Viewing Question 28 Question 29 (b) Sandhill declares and issues a 15% stock dividend when the market price of the stock is $7 per share Question 30 (1) Total assets (2 Common stock Question 31 Seg $3 Question 28 of 31 (b) Sandhill declares and issues a 15% stock dividend when the market price of the stock is $7 per share (1) Total assets $ (2) Common stock $ (3) Paid-in capital in excess of par $ (4) Retained earnings (5) Total stockholders' equity (c) Sandhill declares and issues a 40% stock dividend when the market price of the stock is $6 per share (1) R Total assets 120 Common stock $ (20 Paid-in capital in excess of par $ -17 1 Question 23 Mu Cha Question 24 Mutyle Cake Question 25 Muple Ches Question 26 Question 27 Viewing Question 28 Question 29 Question 30 Question 31 STP Question 28 of 31 > (c) Sandhill declares and issues a 40% stock dividend when the market price of the stock is $6 per share -17 1 (1) Total assets $ (25 Common stock (3) Paid-in capital in excess of par (4) Retained earning (5) Total stockholders' equity (d) Sandhill declares and distributes a property dividend. Sandhill gives one share of Liquid Co stock for every four shares of Santh Company stock held Liquid Co. is selling for $3.50 per share on the date the property dividend is declared (1) Total assets $ $ 125 Common stock (31 Paid-in capital in excess of par Question 23 Mule De New Question 24 Me Che Question 25 Question 26 Mule Oue Question 27 Mute Chile Viewing Question 28 Question 29 Question 30 Question 31 Mam or pending 537 P swam Question 28 of 31 -17 1 Question 23 (d) Sandhill declares and distributes a property dividend Sandhill gives one share of Liquid Co. stock for every four shares of Sandhill Company stock held. Liquid Co. is selling for $3.50 per share on the date the property dividend is declared. Question 24 (1) $ Total assets (2) Common stock (31 Paid-in capital in excess of par $ (4) Retained earnings $ (5) Total stockholders' equity $ Question 25 Question 26 Question 27 (e) Sandhill declares a 1-for-2 reverse stock split and issues new shares Viewing Question 28 Question 29 (1) Total assets (2) Common stock (3) Paid-in capital in excess of par Question 30 Question 31 (5) Total stockholders' equity (e) Sandhill declares a sa 1-for-2 reverse stock split and issues new shares. (2) Total assets (2) Common stock (3) Paid-in capital in excess of par (4) Retained earnings (5) Total stockholders' equity, Save for Later Question 25 Question 26 Question 27 Multy Chica Viewing Question 28 Question 29 Question 30 Attempts: 0 of 1 used Question 31 Submit Arewer Ty