Question

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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