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Ivanhoe Company provides you with the following condensed balance sheet information: Assets Current assets $42,500 Equity investments Equipment (net) Intangibles 64,200 245,800 59,500 $412,000
Ivanhoe Company provides you with the following condensed balance sheet information: Assets Current assets $42,500 Equity investments Equipment (net) Intangibles 64,200 245,800 59,500 $412,000 Total assets Current and long-ter Stockholders' equity Liabilities and Stockholders' Equity $109,200 Common stock ($5 par) $21,200 Paid-in capital in excess of par 119,000 Retained earnings 162,600 302,800 Total liabilities and stockholders' equity $412,000 For each of the following transactions, 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) Ivanhoe declares and pays a $0.55 per share cash dividend.
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