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Marigold Company provides you with the following condensed balance sheet information: Assets Current assets $37,600 Equity investments Equipment (net) Intangibles 62,400 255,200 63,000 Total assets
Marigold Company provides you with the following condensed balance sheet information: Assets Current assets $37,600 Equity investments Equipment (net) Intangibles 62,400 255,200 63,000 Total assets $418,200 Liabilities and Stockholders' Equity Current and long-term liabilities $99,300 Stockholders' equity Common stock ($5 par) $21,000 Paid-in capital in excess of par 108,500 Retained earnings 189,400 318,900 Total liabilities and stockholders' equity $418,200 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. Marigold declares and pays a $0.50 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. Marigold declares and issues a 10% 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 $ c. Marigold declares and issues a 30% stock dividend when the market price of the stock is $16 per share. (1) Total assets $ (2) Common stock $ (3) Paid-in capital in excess of par $ (4) Retained earnings $ (5) Total stockholders' equity $ d. Marigold declares and distributes a property dividend. Marigold gives one share of its equity investment (ABC stock) for every two shares of Marigold Company stock held. Marigold owns 10,400 shares of ABC. ABC is 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 $ (4) Retained earnings $ (5) Total stockholders' equity $ e. Marigold declares a 3-for-1 stock split and issues new shares. (1) Total assets (2) Common stock (3) Paid-in capital in excess of par (4) Retained earnings (5) Total stockholders' equity > > > $ +A $ $ +A +A $ +A $
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