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Many types of transactions may affect stockholders' equity. Identify the effects of the following transactions on total stockholders' equity. Each transaction is independent (Click the
Many types of transactions may affect stockholders' equity. Identify the effects of the following transactions on total stockholders' equity. Each transaction is independent (Click the icon to view the transactions.) Amount (Complete all input boxes. For transactions with no effect, make sure to enter "O" in the amount column.) Effect on Total Stockholders' Equity A 10% stock dividend. Before the dividend, 570,000 shares of $1 par value common a. stock were outstanding; market value was $5 per share at the time of the dividend. A 2-for-1 stock split. Prior to the split, 67,000 shares of $4 par value common stock b. were outstanding. C. Purchase of 1,200 shares of $0.50 par treasury stock at $6 per share. Sale of 900 shares of $0.50 par treasury stock for $7 per share. Cost of the treasury d. stock was $6 per share. More Info a. A 10% stock dividend. Before the dividend, 570,000 shares of $1 par value common stock were outstanding, market value was $5 per share at the time of the dividend. b. A 2-for-1 stock split. Prior to the split, 67,000 shares of $4 par value common stock were outstanding. Purchase of 1,200 shares of $0.50 par treasury stock at $6 per share. d. Sale of 900 shares of $0.50 par treasury stock for $7 per share. Cost of the treasury stock was $6 per share. C. Print Done
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