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  3. effect on stockholders' equity many types of tra

Effect on stockholders' equity Many types of transactions may affect stockholders' equity. Identify...

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Accounting

Effect on stockholders' equity

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Many types of transactions may affect stockholders' equity. Identify the effects of the following transactions on total stockholders' equity. Each transaction is independent. A 10% stock dividend. Before the dividend, 560.000 shares of $1 par value common stock were outstanding: market value was $10 at the time of the dividend. A 2-for-1 stock split. Prior to the split, 65.000 shares of $1 par value common stock were outstanding. Purchase of 1.500 shares of $0.50 par treasury stock at $7 per share. Sale of 900 shares of $0.50 par treasury stock for $9 per share. Cost of the treasury stock was $8 per share

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