E9-30A (Learning Objectives 2, 3, 4: Measuring the effects of share issuance, dividends, and treasury...
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E9-30A (Learning Objectives 2, 3, 4: Measuring the effects of share issuance, dividends, and treasury shares transactions) Identify the effects-both the direction and the dollar amount- of these assumed transactions on the total shareholders' equity of Athol Corporation. Each trans- action is independent. a. Declaration of cash dividends of $78 million. b. Payment of the cash dividend in a. A 25% shares dividend. Before the dividend, 70 million shares of S2.00 par ordinary share were outstanding; the market value was $8.250 at the time of the dividend. ch e d. Purchase of 1,900 shares of treasury shares (par-value $2.00) at $5.25 per share. e. Sale of 900 shares of the treasury shares for $7.00 per share. Cost of the treasury share was $5.25 per share. . A 2-for-1 stock split. Prior to the split, 70 million shares of S were outstanding. ust
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