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guajiro [1.7K]
3 years ago
10

Trans Union Corporation issued 6,800 shares for $50 per share in the current year, and it issued 11,800 shares for $37 per share

in the following year. The year after that, the company reacquired 21,800 shares of its own stock for $45 per share. Determine the impact (increase, decrease, or no change) of each of these transactions on the following classifications:1. Sold 5,000 Shares what is: A. Total Assets? B. Total Liabilities? C. Total Stockholders Equity? D. Net Income?2. Sold 10,000 Shares: what is: A. Total Assets? B. Total Liabilities? C. Total Stockholders Equity? D. Net Income?3. Purchased 20,0000 of Treasury Stocks: what is: A. Total Assets? B. Total Liabilities? C. Total Stockholders Equity? D. Net Income?
Business
1 answer:
oee [108]3 years ago
7 0

Answer and Explanation:

The impact of the transactions on the financial statement are as follows

1. In case of Sold 5,000 Shares:

The total Assets Increased by $250,000 i.e (5,000 × $25) as it increased the cash balance

Total Liabilities = No Change

Total Stockholders Equity = Increased by $250,000 as it increased the overall equity

Net Income = No Change.

2. In case of sale of 10,000 shares

The total Assets Increased by $370,000 i.e (10,000 × $37) as it increased the cash balance

Total Liabilities = No Change

Total Stockholders Equity = Increased by $370,000 as it increased the overall equity

Net Income = No Change.

3. In case of  Purchased 20,000 of Treasury Stock

The Total Assets Decreased by $900,000 i.e (20,000 × $45) as it reduced the cash balance

Total Liabilities = No Change

Total Stockholders Equity Decreased by $900,000 as it decreased the overall equity

Net Income = No Change.

Note:

The number of shares given i.e 6,800, 11,800 and 21,800 are incorrect use the 5,000 shares, 10,000 shares and 20,000 shares and we did the computation accordingly

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