44% Mon 9:11 p Problem 15-8 Your answer is partially correct. Try again. Crane Company provides you with the following condensed balance sheet Information Assets Current assets Equity investments Equipment (net) Intangibles $ 40,800 8,800 239,700 65,600 $404,900 Total assets Liabilities and Stockholders Equity Current and long-term liabilities 94,400 Common stock ($5 par) Paid-in capital in excess of par Retained earnings $ 18,900 103,900 187,700 310,500 $404,900 Total liabilities and stockholders' equity For each transection below, indicate the dollar impact (if any) on the following tive items: () total assets, c2) common stock. 3) aaic-in captal in excess of par (4) retained earnings, and (s) stockholders' equity, (Each situation is independent) (a) Crane declares and pays a $0.60 per share cash dividend Total assets decrease (2) Common stock effect : (3) Paid-in capital in excess of par ino effct a Kleso, Intermedlate Accounting, 16e RCES ork (5) Total stockholders' equity 226 (b) Crane declares and issues a 10% stock dividend when the market price of the stock is $13 per share. (1) Total assets no effect (2) Common stock (3) Paid-in capital in excess of par T1 increase (4) Retained earnings (5) Total stockholders' equity (c) Crane declares and issues a 30% stock dividend when the market price of the stock is $14 per share. (1) Total assets (2) Common stock (3) Paid-in capital in excess of par no effect t (4) Retained earnings (5) Total stockholders' equity no effect (d) Crane declares and distributes a property dividend. Crane gives one share of its equity investment (ABC stock) for every two shares of Crane Company stock held. C increase 5670 Study 5670 no effect # no effect 1134 increase 1134 decrease : ABC. ABC is seling for $10 per share on the date the property dividend is declared 16008