Need help with this problem please: Consider each of the following transactions

Question

Need help with this problem please:

Consider each of the following transactions separately from every other transaction: (Click the icon to view the transactions.) Requirement 1. Identify whether each transaction increased, decreased, or did not change total stockholders' equity. (If there is no effect, enter a zero.) Effect on total More Info Stockholders' equity Amount a. a. b. c. Issuance of 20,000 shares of $10 par common at $17 Purchase of 1,500 shares of treasury stock (par value S0.75) at $3 per share Issuance of a 15 percent stock dividend, before the dividend, 80,000 shares of S5 par common stock were outstanding and market value was $11 at the time of the dividend d. Sale of 1,000 shares of S1 par treasury stock for $3 per share; cost of the treasury stock was $2 per share e. Split stock 5-for-1. Prior to the split, 80,000 shares of $3 par common were outstanding Print Done

Explanation / Answer

Effect of stockholder's equity :

Effect on total stockholder's equity Amount a Increase 20000*17=340000 b Decrease 1500*3 = (4500) c No effect 0 d Increase 1000*3=3000 e No effect 0

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