E10-46B (Learning Objectives 2, 3, 4: Measure the effects of stock issuance, dividends, and treasury-stock transactions) Identify the effects—both the direction and the dollar amount—of these assumed transactions on the total stockholders’ equity of Triton Corporation. Each transac- tion is independent.

a.    Declaration of cash dividends of $75 million.

b.   Payment of the cash dividend in (a).

c.    A 25% stock dividend. Before the dividend, 69 million shares of $1.00 par common stock were outstanding; the market value was $9.885 at the time of the dividend.

d.   A 40% stock dividend. Before the dividend, 69 million shares of $1.00 par common stock were outstanding; the market value was $18.50 at the time of the dividend.

e.    Purchase of 1,800 shares of treasury stock (par value $1.00) at $4.00 per share.

f.     Sale of 800 shares of the treasury stock for $8.00 per share. Cost of the treasury stock was

$4.00 per share.

g.    A 2-for-1 stock split. Prior to the split, 69 million shares of $1.00 par common stock were outstanding.