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Kingbird Company provides you with the following condensed balance sheet information Assets Current assets Equity investments Equipment (net) Intangibles $ 43,900 64,800 238,100 58,300 $405,100

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Kingbird Company provides you with the following condensed balance sheet information Assets Current assets Equity investments Equipment (net) Intangibles $ 43,900 64,800 238,100 58,300 $405,100 Total assets Liabilities and Stockholders' Equity Current and long-term liabilities Stockholders' equity $102,000 Common stock ($5 par) Paid-in capital in excess of par Retained earnings $ 19,900 112,800 170,400 303,100 Total liabilities and stockholders' equity $405,100 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.) (a) Kingbird declares and pays a $0.60 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 (b) Kingbird declares and issues a 10% stock dividend when the market price of the stock is $15 per share (1) Total assets (2) Common stock (3) Paid-in capital in excess of par (4) Retained earnings (5) Total stockholders' equity (c) Kingbird declares and issues a 30% stock dividend when the market price of the stock is $14 per share (1) Total assets (2) Common stock (3) Paid-in capital in excess of par (4) Retained earnings (5) Total stockholders' equity (d) Kingbird declares and distributes a property dividend. Kingbird gives one share of its equity investment (ABC stock) for every two shares of Kingbird Company stock held. Kingbird owns 10,800 shares of ABC. ABC is selling for $9 per share on the date the property dividend is declared (1) Total assets (2) Common stock (3) Paid-in capital in excess of par (4) Retained earnings (5) Total stockholders' equity (e) Kingbird declares a 3-for-1 stock split and issues new shares (1) Total assets (2) Commo (3) Paid-in capital in excess of par (4) Retained earnings (5) Total stockholders' equity

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