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Pharoah Company provides you with the following condensed balance sheet information: Assets Current assets $ 42,500 64,200 245,800 59,500 $412,000 Equity investments Equipment (net) Intangibles
Pharoah Company provides you with the following condensed balance sheet information: Assets Current assets $ 42,500 64,200 245,800 59,500 $412,000 Equity investments Equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Current and long-term liabilities Stockholders' equity Common stock ($5 par) $ 21,200 Paid-in capital in excess of par 119,000 Retained earnings 162,600 Total liabilities and stockholders' equity $109,200 302,800 $412,000 For each of the following transactions, indicate the dollar impact (if any) on the following five items: (1) total asset. (2) common stock, (3) paid-in capital in excess of par, (4) retained earnings, and (5) stockholders' equity. (Each situation is independent) (c) Pharoah declares and issues a 29% 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 $
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