Please help! Thanks i will give thumbs up Consider the following assumed...

60.1K

Verified Solution

Question

Accounting

Please help! Thanks i will give thumbs up image
Consider the following assumed transactions of Bedford Corporation. (Cick the icon to view the transactions) Requirement 1. Identify the eflects - both the direction and the dollar amount-of these transactions on the total stockholders' equity of Bedford Corporation. Each transaction is independent. (Entor amounts in dolisis. For example, enter 10 milion as 10,000,000. For transactions that have no effect on total stockholders" equily, enter a "0" in the Amount column.) More info a. Declaration of cash dividends of $75 million. b. Payment of the cash dividend in (a). e. A 10% stock dividend. Before the dividend, 75 milion shares of $3,00 par common stock were culstanding: the market value was $17.62 at the bime of the dividend, d. A 20% stock dividend. Belore the dividend, 75 millon shares of $3.00 par commen stock were oulstanding. the market value was $13.75 at the bime of the dividend. e. Purchase of 2,000 shares of treasury stock (par value $3.00 ) at $14.25 per share. 2. Sale of 300 ahares of the treasury stock for $16.00 per share. Cost the treasury stock was $14.25 per thare. g. A 3-for-1 slock split. Prior to the spat, 75 milion shares of $3.00 par common stock were cutstanding

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students