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Date the property dividend

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Reference no: EM131026625

For each transaction below, indicate the dollar impact (if any) on the following five items:

(1) total assets,(2) common stock, (3) paid-in capital in excess of par, (4) retained earnings, and (5) stockholders' equity.(Each situation is independent.)

(a) Myers declares and pays a $0.50 per share cash dividend.

(b) Myers declares and issues a 10% stock dividend when the market price of the stock is $14 per share.

(c) Myers declares and issues a 30% stock dividend when the market price of the stock is $15 per share.

(d) Myers declares and distributes a property dividend. Myers gives one share of its equity investment (ABC stock) for every two shares of Myers Company stock held. Myers owns 10,000 shares of ABC.

ABC is selling for $10 per share on the date the property dividend is declared.

(e) Myers declares a 2-for-1 stock split and issues new shares.

Reference no: EM131026625

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