22. Indicate whether the following actions would (+) increase, (-) decrease, or (0) not affect a...

   

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22. Indicate whether the following actions would (+) increase, (-) decrease, or (0) not affect a company's total assets, liabilities, and stockholders' equity. (12 points) Stockholders' Assets Liabilities Equity (1) Declaring a cash dividend (2) Paying the cash dividend declared in (1) (3) Declaring a stock dividend (4) Issuing stock certificates for the stock dividend declared in (3) 23. Sanchez Company has 30,000 shares of 1% preferred stock of $100 par and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1: Year 2: Year 3: $ 50,000 90,000 130,000 Determine the dividends per share for preferred and common stock for each year. (12 points) SHOW YOUR WORK: ANSWERS: Preferred stock dividends per share Common stock dividends per share Year 1 Year 2 Year 3 24. A corporation, which had 15,000 shares of common stock outstanding, declared a 3-for-1 stock split. What will be the number of shares outstanding after the split? (3 points) (a) (b) If the common stock had a market price of $240 per share before the stock split, what would be an approximate market price per share after the split? (3 points) (c) Journalize the entry to record the stock split. (3 points) (a) (b) (c) DATE DEBIT CREDIT 22. Indicate whether the following actions would (+) increase, (-) decrease, or (0) not affect a company's total assets, liabilities, and stockholders' equity. (12 points) Stockholders' Assets Liabilities Equity (1) Declaring a cash dividend (2) Paying the cash dividend declared in (1) (3) Declaring a stock dividend (4) Issuing stock certificates for the stock dividend declared in (3) 23. Sanchez Company has 30,000 shares of 1% preferred stock of $100 par and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1: Year 2: Year 3: $ 50,000 90,000 130,000 Determine the dividends per share for preferred and common stock for each year. (12 points) SHOW YOUR WORK: ANSWERS: Preferred stock dividends per share Common stock dividends per share Year 1 Year 2 Year 3 24. A corporation, which had 15,000 shares of common stock outstanding, declared a 3-for-1 stock split. What will be the number of shares outstanding after the split? (3 points) (a) (b) If the common stock had a market price of $240 per share before the stock split, what would be an approximate market price per share after the split? (3 points) (c) Journalize the entry to record the stock split. (3 points) (a) (b) (c) DATE DEBIT CREDIT