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a$.$ Declaration of cash dividends of $$75$ million.

b$.$ Payment of the cash dividend in $($a$).$

c$.$ A $20\%$ stock dividend. Before the dividend, $69$ million shares of $$1\mathrm{.}00$ par common stock were outstanding; the market value was $$15\mathrm{.}07$ at the time of the dividend.

d$.$ A $30\%$ stock dividend. Before the dividend, $69$ million shares of $$1\mathrm{.}00$ par common stock were outstanding; the market value was $$20\mathrm{.}25$ at the time of the dividend.

e$.$ Purchase of $2,200$ shares of treasury stock $($par value $$1\mathrm{.}00)$ at $$14\mathrm{.}00$ per share.

f$.$ Sale of $400$ shares of the treasury stock for $$16\mathrm{.}00$ per share. Cost of the treasury stock was $$14\mathrm{.}00$ per share.

g$.$ A $3-$for$-1$ stock split. Prior to the split, $69$ million shares of $$1\mathrm{.}00$ par common stock were outstanding.

Part $1$ of $2$

Points: $0$ of $20$

Consider the following assumed transactions of Athol Corporation.

I. $($Click the icon to view the transactions$)$

Requirement

Identify the effects $-$ both the direction and the dollar amount$-$ of these transactions on the total stockholders' equity of Athol Corporation. Each transaction is independent. $($Enter amounts in dollars. For example, enter $10$ million as $10,000,000.$ For transactions that have no effect on total stockholders' equity, enter a $"0"$ in the Amount column.$)$

Effect on total stockholders' equity

Amount

a$.$ Declaration of cash dividends of $$75$ million.

b$.$ Payment of the cash dividend in $($a$).$

c$.$ A $20\%$ stock dividend. Before the dividend, $69$ million shares of $$1\mathrm{.}00$ par common stock were outstanding; the market value was $$15\mathrm{.}07$ at the time of the dividend.

d$.$ A $30\%$ stock dividend. Before the dividend, $69$ million shares of $$1\mathrm{.}00$ par common stock were outstanding; the market value was $$20\mathrm{.}25$ at the time of the dividend.

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