As of 12/1/2020 there were 100,000 shares of Tyler Inc.s common stock issued and outstanding....
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Accounting
As of 12/1/2020 there were 100,000 shares of Tyler Inc.s common stock issued and outstanding. The common stock has a par value of $1 per share. The following transactions occurred during December 2020: The company declared a 90,000 stock dividend when the market value of the stock was $2.80 per share. The company declared a 2,000 stock dividend when the market value of the stock was $2.60 per share. The company repurchased 4,000 shares of its common stock at a cost of $2.50 per share. What was the total effect of these three transactions on the accounting equation?
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