Question: b) Identify the effects both the direction and the dollar amount of the following assumed transactions on the total shareholders' equity of a large corporation.
b) Identify the effects both the direction and the dollar amount of the following assumed transactions on the total shareholders' equity of a large corporation. Each transaction is independent a) Declaration of cash dividends of $80 million b) Payment of the cash dividend declared c) 10% stock dividend. Before the dividend, 69 million common shares were outstanding: d) the market price was $7.625 at the time of the dividend. e) A 50% stock dividend. Before the dividend, 69 million common shares were outstanding: f) the market price was $13.75 at the time of the dividend. g) Sale of 600 common shares for $5.00 per share h) A 3-for-1 stock split. Prior to the split, 69 million common shares were outstanding
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