Morris Company had the following transactions during the current year:
1: Morris Company sells 100,000 shares of its no-par common stock for $20.
2: Morris Company buys 5,000 shares of its no-par common stock for $15 per share.
3: Morris Company declares and pays a dividend on its no-par common stock of $3 per share.
Indicate the effect (increase, decrease, no effect) of each of these stock decisions for each year on the items listed below.

Question

Morris Company had the following transactions during the current year: 
1: Morris Company sells 100,000 shares of its no-par common stock for $20.
2: Morris Company buys 5,000 shares of its no-par common stock for $15 per share.
3: Morris Company declares and pays a dividend on its no-par common stock of $3 per share.
Indicate the effect (increase, decrease, no effect) of each of these stock decisions for each year on the items listed below.

Quizplus · Accepted Answer

The Answer of Morris Company had the following transactions during the current year: 
1: Morris Company sells 100,000 shares of its no-par common stock for $20.
2: Morris Company buys 5,000 shares of its no-par common stock for $15 per share.
3: Morris Company declares and pays a dividend on its no-par common stock of $3 per share.
Indicate the effect (increase, decrease, no effect) of each of these stock decisions for each year on the items listed below.

Morris Company Had the Following Transactions During the Current Year