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Please do all the problems. Required information Problem 13-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3 [The following information applies to
Please do all the problems.
Required information Problem 13-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3 [The following information applies to the questions displayed below.] The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. The following transactions and events affected its equity during the year. January5March20April5July5July31August14October5Declareda$0.50persharecashdividend,dateofrecordJanuary10.purchasedtreasurystockforcash.Declareda$0.50persharecashdividend,dateofrecordApril10.Declareda$0.50persharecashdividend,dateofrecordJuly10.Declareda20%stockdividendwhenthestocksmarketvaluewas$10pershare.IssuedthestockdividendthatwasdeclaredonJuly31.Declareda$0.50persharecashdividend,dateofrecordOctober10. January 5 Declared a $0.50 per share cash dividend, date of record January 10 . March 20 purchased treasury stock for cash. April 5 Declared a $0.50 per share cash dividend, date of record April 10. July 5 Declared a $0.50 per share cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stock's market value was $10 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.50 per share cash dividend, date of record october 10. Problem 13-4A (Algo) Part 3 3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend? Required information Problem 13-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3 [The following information applies to the questions displayed below.] The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. The following transactions and events affected its equity during the year. January5March20April5July5July31August14October5Declareda$0.50persharecashdividend,dateofrecordJanuary10.purchasedtreasurystockforcash.Declareda$0.50persharecashdividend,dateofrecordApril10.Declareda$0.50persharecashdividend,dateofrecordJuly10.Declareda20%stockdividendwhenthestocksmarketvaluewas$10pershare.IssuedthestockdividendthatwasdeclaredonJuly31.Declareda$0.50persharecashdividend,dateofrecordoctober10. January 5 Declared a $0.50 per share cash dividend, date of record January 10. March 20 purchased treasury stock for cash. April 5 Declared a $0.50 per share cash dividend, date of record April 10. July 5 Declared a $0.50 per share cash dividend, date of record July 10. July 31 Declared a 20 \% stock dividend when the stock's market value was $10 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.50 per share cash dividend, date of record october 10. Problem 13-4A (Algo) Part 2 2. What is the total dollar amount for each of the four cash dividends? Required information Problem 13-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3 [The following information applies to the questions displayed below.] The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. The following transactions and events affected its equity during the year. January5March20April5July5July31August14October5Declareda$0.50persharecashdividend,dateofrecordJanuary10.purchasedtreasurystockforcash.Declareda$0.50persharecashdividend,dateofrecordApril10.Declareda$0.50persharecashdividend,dateofrecordJuly10.Declareda20%stockdividendwhenthestocksmarketvaluewas$10pershare.IssuedthestockdividendthatwasdeclaredonJuly31.Declareda$0.50persharecashdividend,dateofrecordoctober10. January 5 Declared a \$0.50 per share cash dividend, date of record January 10. March 20 purchased treasury stock for cash. April 5 Declared a $0.50 per share cash dividend, date of record April 10. July 5 Declared a $0.50 per share cash dividend, date of record July 10. July 31 Declared a 20 s stock dividend when the stock's market value was $10 per share. August 14 Issued the stock dividend that was declared on July 31. october 5 Declared a $0.50 per share cash dividend, date of record october 10 . Problem 13-4A (Algo) Part 5 5. How much net income did the company earn this year? Required information Problem 13-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3 [The following information applies to the questions displayed below.] The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. The following transactions and events affected its equity during the year. January5March20April5July5July31August14October5Declareda$0.50persharecashdividend,dateofrecordJanuary10.purchasedtreasurystockforcash.Declareda$0.50persharecashdividend,dateofrecordApril10.Declareda$0.50persharecashdividend,dateofrecordJuly10.Declareda20%stockdividendwhenthestocksmarketvaluewas$10pershare.IssuedthestockdividendthatwasdeclaredonJuly31.Declareda$0.50persharecashdividend,dateofrecordoctober10. January 5 Declared a $0.50 per share cash dividend, date of record January 10. March 20 purchased treasury stock for cash. April 5 Declared a $0.50 per share cash dividend, date of record April 10. July 5 Declared a $0.50 per share cash dividend, date of record July 10. July 31 Declared a 20 s stock dividend when the stock's market value was \$10 per share. August 14 Issued the stock dividend that was declared on July 31. october 5 Declared a $0.50 per share cash dividend, date of record october 10. Problem 13-4A (Algo) Part 4 4. What is the per share cost of the treasury stock purchased? Note: Round your answer to 2 decimal places. Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. During the current year, the following transactions affected its stockholders' equity accounts. January 2 purchased 4,000 shares of its own stock at $20 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 2,000 of its treasury shares at $24 cash per share. August 22 Sold 2,000 of its treasury shares at $16 cash per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid the dividend declared on September 5 . December 31 closed the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the current year ended December 31. 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. Required information Problem 13-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3 [The following information applies to the questions displayed below.] The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. The following transactions and events affected its equity during the year. January5March20April5July5July31August14October5Declareda$0.50persharecashdividend,dateofrecordJanuary10.purchasedtreasurystockforcash.Declareda$0.50persharecashdividend,dateofrecordApril10.Declareda$0.50persharecashdividend,dateofrecordJuly10.Declareda20%stockdividendwhenthestocksmarketvaluewas$10pershare.IssuedthestockdividendthatwasdeclaredonJuly31.Declareda$0.50persharecashdividend,dateofrecordOctober10. January 5 Declared a $0.50 per share cash dividend, date of record January 10. March 20 purchased treasury stock for cash. April 5 Declared a $0.50 per share cash dividend, date of record April 10. July 5 Declared a $0.50 per share cash dividend, date of record July 10. July 31 Declared a 20 stock dividend when the stock's market value was $10 per share. August 14 Issued the stock dividend that was declared on July 31. october 5 Declared a $0.50 per share cash dividend, date of record october 10. Problem 13-4A (Algo) Part 1 Required: 1. How many common shares are outstanding on each cash dividend dateStep by Step Solution
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