Question: Myers Company provides you with the following condensed statemen

Myers Company provides you with the following condensed statement of financial position information.


Instructions
For each transaction below, indicate the euro impact (if any) on the following five items:
(1) Total assets,
(2) Share capital—ordinary
(3) Share premium—ordinary
(4) Retained earnings
(5) Equity. (Each situation is independent.)
(a) Myers declares and pays a €1 per share cash dividend.
(b) Myers declares and issues a 10% share dividend when the market price is €14 per share.
(c) Myers declares and issues a 30% share dividend when the market price is €15 per share.
(d) Myers declares and distributes a property dividend. Myers gives one ABC share for every two shares held of Myers Company. ABC is selling for €10 per share on the date the property dividend is declared.
(e) Myers declares a 2-for-1 share split and issues newshares.


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  • CreatedJune 17, 2013
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