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Tamarisk Company provides you with the following condensed balance sheet information: For each of the following transactions, indicate the dollar impact ( if any )
Tamarisk Company provides you with the following condensed balance sheet information: For each of the following transactions, indicate the dollar impact if any on the following five items:
total assets, common stock, paidin capital in excess of par, retained earnings, and
stockholders' equity. Each situation is independent.
a Tamarisk declares and pays a $ per share cash dividend.
Total assets
Common stock
Paidin capital in excess of par
Retained earnings
Total stockholders' equity
$
$
$
$
$ b Tamarisk declares and issues a stock dividend when the market price of the stock is $ per
share.
Total assets
$
Common stock
$
Paidin capital in excess of par
$
Retained earnings
$
Total stockholders' equity c Tamarisk declares and issues a stock dividend when the market price of the stock is $ per
share.
Total assets
Common stock
Paidin capital in excess of par
$
Retained earnings
Total stockholders' equityd. Tamarisk declares and distributes a property dividend. Tamarisk gives one share of its equity
investment ABC stock for every two shares of Tamarisk Company stock held. Tamarisk owns
shares of ABC ABC is selling for $ per share on the date the property dividend is declared.
Total assets
Common stock
Paidin capital in excess ot
Retained earnings
Total stockholders' equity
e Tamarisk declares a for stock split and issues new shares.
Total assets
$
Common stock
$
Paidin capital in excess of par
$
Retained earnings
$
Total stockholders' equity
$
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