The following information is from 2016 statement of stockholders' equity for Dynegy, Inc.
Dynegy has 420 million shares of common stock authorized. Assume the following transactions occurred during the 2017.
Required:
a. Use the financial statement effects template below to record the three transactions.
b. How did the cash dividend affect the company's profitability for the year?
c. What effects does the stock split have on Dynegy's financial statements?
d. What effects does the stock split have on an individual stockholder?

Question

The following information is from 2016 statement of stockholders' equity for Dynegy, Inc.
  Dynegy has 420 million shares of common stock authorized. Assume the following transactions occurred during the 2017.
  Required: 
a. Use the financial statement effects template below to record the three transactions.
b. How did the cash dividend affect the company's profitability for the year?
c. What effects does the stock split have on Dynegy's financial statements?
d. What effects does the stock split have on an individual stockholder?

Quizplus · Accepted Answer

The Answer of The following information is from 2016 statement of stockholders' equity for Dynegy, Inc.
  Dynegy has 420 million shares of common stock authorized. Assume the following transactions occurred during the 2017.
  Required: 
a. Use the financial statement effects template below to record the three transactions.
b. How did the cash dividend affect the company's profitability for the year?
c. What effects does the stock split have on Dynegy's financial statements?
d. What effects does the stock split have on an individual stockholder?

The Following Information Is from 2016 Statement of Stockholders' Equity