Player Many types of transactions may affect stockholders' equity. Identify the effects of the following transactions on
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a. | A 10% stock dividend. Before the dividend, 590 comma 000590,000 shares of $1 par value common stock were outstanding; market value was $ 7$7 at the time of the dividend. |
b. | A 2-for-1 stock split. Prior to the split, 66 comma 00066,000 shares of $ 3$3 par value common stock were outstanding. |
c. | Purchase of 1 comma 0001,000 shares of $0.50 par treasury stock at $ 5$5 per share. |
d. | Sale of 500500 shares of $0.50 par treasury stock for $ 8$8 per share. Cost of the treasury stock was $ 4$4 per share. |
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Effect on Total | ||
Stockholders' Equity | Amount | |
a. |
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b. |
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c. |
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d. |
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