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Please look at all the pictures below and complete all of required questions 1-5 The equity sections for Atticus Group at the beginning of the
Please look at all the pictures below and complete all of required questions 1-5
The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Paid-in capital in excess of par value, common stock Common stock-$5 par value, 100,000 shares authorized, 35,000 shares issued and outstanding $ 175,000 135,000 340,000 $650,000 Retained earnings Total stockholders' equity Stockholders' Equity (December 31) Common stock-$5 par value, 100,000 shares authorized, 41,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($40,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. January 5 Declared a $0.60 per share cash dividend, date of record January 10. March 201 April 5 July 5 July 31 August 14 October 5 Purchased treasury stock for cash. Declared a $0.60 per share cash dividend, date of record April 10. Declared a $0.60 per share cash dividend, date of record July 10. Declared a 20% stock dividend when the stock's market value was $14 per share. I Issued the stock dividend that was declared on July 31. Declared a $0.60 per share cash dividend, date of record October 10. $ 206,000 190,800 420,000 816,800 (40,000) $ 776,800
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