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holders a 30 cents per share dividend, all in cash 2 B PIss Divid ends and Splits) Myers Company provides you with the following conde
holders a 30 cents per share dividend, all in cash 2 B PIss Divid ends and Splits) Myers Company provides you with the following conde nsed balanesthu information. Assets Liabilities and Stockholders' Equity Current assets Equity investments (trading) Equipment (net) Intangibles 40,000 Current and long-term liabilities 60,000 Stockholders' equity 250,000 Common stock ($5 par) 60,000 Paid-in capital in excess of par $100,000 20,000 110,000 180,000 310,000 Total assets $410,000 Retained earnings Total liabilities and stockholders' equity $410,000 Instructions r 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.) (a) Myers declares and pays a $0.50 per share cash dividend. (b) Myers declares and issues a 10% s (c) (d) Myers declares and distributes a property dividend. Myers gives one share of its equity investment tock dividend when the market price of the stock is $14 per share ck is $15 per share shares of ABC Myers declares and issues a 30% stock dividend when the market price of the sto ABC is selling for $10 per share on the date the property dividend is declared. (e) Myers declares a 2-for-1 stock split and issues new shares
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