Consider the following assumed transactions of Townsend Corporation. (i) (Click the icon to view the transactions) Requirement More info x a. Declaration of cash dividends of $83 million. b. Payment of the cash dividend in (a) c. A A% stock dividend. Before the dividend, 71 million shares of $3.00par common stock the dividend d. A 20% stock dividend. Before the dividend 71 million shares of $3.00 pir common stock e. Purchase of 1,900 shares of f. Sale of 300 shares of the treasury stock for $17.00 per share. Cost of the g. A 3 -for- -1 stock was $14.00 per share g. A 3 -for-1 stock split. Prior to the split, 71 million shares of $3.00 par common stock were outstanding
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