Identify the effects-both the direction and the dollar amount-of these assumed transactions on the total shareholders' equity of a large corporation. Each transaction is inde- pendent.
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; the market price was $7.625 at the time of the dividend.
d. A 50% stock dividend. Before the dividend, 69 million common shares were outstanding; the market price was $13.75 at the time of the dividend.
e. Repurchase of 2,000 common shares at $4.25 per share
f. Sale of 600 common shares for $5.00 per share
g. A 3-for-l stock split. Prior to the split, 69 million common shares were outstanding