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E10- 24A. Accounting for stock issuance, splits, and treasury stock (Learning Objectives 3, 5, & 6) 20-25 min. Consider each of the following transactions separately

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E10- 24A. Accounting for stock issuance, splits, and treasury stock (Learning Objectives 3, 5, & 6) 20-25 min. Consider each of the following transactions separately from every other transaction a. Issuance of 50,000 shares of $10 par common at $15. b. Purchase of 1,000 shares of treasury stock (par value $0.50) at $5 per share C. Issuance of a 10% stock dividend. Before the dividend, 500,000 shares $1 par common stock were outstanding; market value was $7 at the time of the dividend. d. Sale of 600 shares of $1 par treasury stock for $5 per share. Cost of the treas ury stock was $2 per share. e. Split stock 3-for-1. Prior to the split, 60,000 shares of $4 par common were outstanding. Requirement 1. Identify whether each transaction increased, decreased, or did not change total stockholders' equity

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