Consider Each of the following transactions separately from every other transaction:
a. Issuance of 50,000 shares of $10 per common at $15
b. Purchase of 1,000 shares of treasury stock (par value $0.50) at $5 per share
c. Issuance of a %10 stock dividend. Before the dividend, 500,000 shares of $1 par common stock were outstanding; market value was $7 at the time of the dividend.
d. sale of 600 shares of $1 par treasury stock for $5 per share. Cost of the treasury stock was $2 per share
e. split stock 3-for-1. Prior to the split, 60,000 shares of $4 par common were outstanding
- Identify whether each transaction increased, decreased, or did not change total stockholders’ equity