a. Declared a $0.40 per-share cash dividend on March 10. b. Paid the $0.40 per-share dividend on April 10. c. Repurchased 8,000 common shares at a cost of $24 each on May 2. d. Sold 3,000 unissued common shares for $26 per share on June 9. e. Declared a $0.55 per-share cash dividend on August 10. f. Paid the $0.55 per-share dividend on September 10. 9. Declared and paid a 10% stock dividend on October 15 when the market price of the common stock was $28 per share. h. Declared a $0.60 per-share cash dividend on November 10 . i. Paid the $0.60 per-share dividend on December 10. F Chack Nty Wark 1. a. Declared Dividends: Dividends become an obligation to the company on the date of declaration. b. Paid Dividends: The obligation incurred at the date of declaration is retired when the dividends are paid. c. When purchasing its own previously issued stock, corporations record a reduction to stockholders' equity for the purchase amount af the treasury stock. e. Declared Dividends: Dividends become an obligation to the company on the date of declaration. f. Paid Dividends: The oblioation incurred at the date of declaration is retired when the dividends are oaid. 2. Determine the total dollar amount of dividends (cash and stock) for the year. X 3. Conceptual Connection: Determine the effect on total assets and total stockholders' equity of the dividend transactions. Note the following: 1. If applicable, select the dividend transaction effect (e.g. "Affects assets", "Affects stockholders" equity", "No effect" or "Not a dividend transaction"). 2. Enter decreases in assets or equity as negative numbers. 3. If a cell does not require an answer, leave it blank