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E10-32A I am stuck on the all the Stockholder Equity Effects A-G. Let me know if

ID: 2512501 • Letter: E

Question

E10-32A I am stuck on the all the Stockholder Equity Effects A-G. Let me know if you can help, thanks!

Homework: E10-32A Score: 0 of 1 pt E10-32A (similar to) Save 1 of 1 (0 complete) HYV Score: 0%, 0 of 1 pt Question Help * Consider the following assumed transactions of Ashby Corporation. Each transaction is independent. (Click the ioon to view the transactions) Requirement 1. Identify the effects -both the direction and the dollar amount of these assumed transactions on the total stockholders' equity of Ashby Corporation. (Enter amounts in dollars. For example, enter 10 million as 10,000,000. For transactions hat have no effect on total stockholders' equity, enter a 0" in the Amount column.) More Info Effect on total stockholders' equity Amount a. Declaration of cash dividends of $75 million b. Payment of the cash dividend in (a). c. A 25% stock dividend. Before the dividend, 69 million shares of $1.00 par common stock were outstanding; the market value was $15.07 at the time of the dividend. d, A 40% stock dividend. Before the dividend, 69 million shares of $1.00 par common stock were outstanding; the market value was $19.75 at the time of the dividend e. Purchase of 1,500 shares of treasury stock (par value S1.00) at S14.00 per f. Sale of 600 shares of the treasury stock for $18.00 per share. Cost of the g. A 3-for-1 stock split. Prior to the split, 69 million shares of $1.00 par common ghare. treasury stock was $14.00 per share. stock were outstanding. Print Done

Explanation / Answer

Event Effect On Total Stockholder's Equity Amount Remark a Decrease $75,000,000 b No Effect $0 c No Effect $0 d No Effect $0 e. Decrease $21,000 (1500 Share*$14) f Increase $10,800 (600 *$18) g No Effect $0