kleso, Intermedlate Accounting, 16e CES Problem 15-8 Your answer is partially correct. Try again. Crane Company provides you with the following condensed balance sheet information: Assets Current assets Equity investments Equipment (net) Intangibles $ 40,800 58,800 239,700 65,600 $404,900 udy Total assets Liabilities and Stockholders Equity Current and long-term liabilities Stockholders' equity $94,400 Common stock ($5 par) Paid-in capital in excess of par Retained earnings $ 18,900 103,900 187,700 310,500 $404,900 Total liabilities and stockholders' equity For each transaction below, indicate the dollar impact (if any) on the following five items: (1) total assets, (2) common stock, (3) pal stockholders' equity. (Each situation is independent.) (a) Crane deciares and pays a $o.60 per share cash dividend (1) Total assets 2268 decrease no effect ] 29% D Mon 10:23 PM aE Kleso, Intermediate Accounting, 16e Helo I RINTER VERSSON BACK (3) Paid-in capital in excess of par T no effect (4) Retained earnings (5) Total stockholders' equity no effect (a) Crane ceclares and distributes a property dividend. Crane gives ona share of its equity levestment (ABC stock) for every two shares of Crane Company stock held. Crane owns 9,800 shares oft ABC ABC Iis selling for $10 per share on the date the property dividend is declared. (1) Total assets (2) Common stock (3) Paid-in capital in excess of par ino effect a (4) Retained earnings (5) Total stockholders equity no effect 791 9100 (e) Crane declares2-for-1 stock split and issues new shares. (1) Total assets (2) Common stock (3) Paic-in capital in excess of par ertect no erfect