Identify the effects-both the direction


Identify the effects-both the direction and the dollar amount-of these assumed transactions on the total shareholders' equity of a large corporation. Each transaction is inde- pendent.

a. Declaration of cash dividends of $80 million

b. Payment of the cash dividend declared

c. 10% stock dividend. Before the dividend, 69 million common shares were outstanding; the market price was $7.625 at the time of the dividend.

d. A 50% stock dividend. Before the dividend, 69 million common shares were outstanding; the market price was $13.75 at the time of the dividend.

e. Repurchase of 2,000 common shares at $4.25 per share

f. Sale of 600 common shares for $5.00 per share

g. A 3-for-l stock split. Prior to the split, 69 million common shares were outstanding

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Accounting Basics: Identify the effects-both the direction
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