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Please only answer if you are able to complete all questions. Also, please show and explain your work as to how you got your answer.
Please only answer if you are able to complete all questions. Also, please show and explain your work as to how you got your answer. Thank you so much!
[The following information applies to the questions displayed below The equity sections from Atticus Group's 2013 and 2014 year-end balance sheets follow. Stockholders' Equity (December 31, 2013) Common stock $6 par value, 50,000 shares 180,000 authorized, 30,000 shares issued and outstanding Paid-in capital in excess of par value, common stock 140,000 360,000 Retained earnings $680,000 Total stockholders' equity Stockholders' Equity (December 31, 2014) Common stock $6 par value, 50,000 shares authorized, 35,400 shares issued, 3,000 shares in treasury 212,400 161,600 Paid-in capital in excess of par value, common stock Retained earnings ($40,000 restricted by treasury stock) 400,000 774.000 (40,000) Less cost of treasury stock $734,000 Total stockholders' equity The following transactions and events affected its equity during year 2014 Jan. 5 Declared a $0.60 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash Apr. 5 Declared a $0.60 per share cash dividend, date of record April 10. July 5 Declared a $0.60 per share cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stock's market value is $10 per share Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.60 per share cash dividend, date of record October 10Step by Step Solution
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