U. Assume that on January 25 of the treasury stock for $40 per share. ments of the sale of the treasury stock. might Banff Water Inc. have purchased the treasury sexy me that on January 25abfol y ar, Banff Water Inc. od 20.0 k for $10 per share Ilustrate the effects on the account and E8-20 Cash dividends The date of declaration, date of re dend of $1,200,000 on a corporati ats and financial statements for each respectively. Illustrate the effects on the accounts an eclaration, date of record, and date of payment in connection with a 0,000 on a corporation's common stock are June 1. July 15, and and Now E8-21 Effect of cash dividend Indicate whether the following actions would Ballistic Scientific Inc.'s total assets, liabi act of cash dividend, stock split, and stock dividend ther the following actions would (+) increase, - decrease scientific Inc.'s total assets. liabilities, and stockholders' equity: Stockholm Assets Liabilities (1) Declaring a cash dividend (2) Paying the cash dividend declared in (1) (3) Authorizing and issuing stock certifi- cates in a stock split (4) Declaring a stock dividend (5) Issuing stock certificates for the stock dividend declared in (4) E8-22 Effect of stock split Audrey's Restaurant Corporation wholesales ovens and ranges to restaurants throw the Northwest. Audrey's Restaurant Corporation, which had 50,000 shares of stock outstanding, declared a 6-for-1 stock split. after the split? E8-22 Effect of stock split Audrey's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Northwest. Audrey's Restaurant Corporation, which had 50,000 shares of common stock outstanding, declared a 6-for-1 stock split. a. What will be the number of shares outstanding after the split b. If the common stock had a market price of $540 per share before the stock split, what would be an approximate market price per share after the split