Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Problem 11-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3 [The following information applies to the questions displayed below.] Problem 11-4A (Algo)
Problem 11-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3 [The following information applies to the questions displayed below.] Problem 11-4A (Algo) Part 1 Required: 1. How many common shares are outstanding on each cash dividend date? Problem 11-4A (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. July 5 Declared a $0.40 per share cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stock's market value was $12 per share. August 14 Issued the stock dividend that was declared on July 31 . October 5 Declared a $0.40 per share cash dividend, date of record october 10. Problem 11-4A (Algo) Part 2 2. What is the total dollar amount for each of the four cash dividends? Problem 11-4A (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. Problem 11-4A (Algo) Part 3 3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend? Problem 11-4A (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$0.40persharecashdividend,dateofrecordJanuary10.Purchasedtreasurystockforcash.Declareda$0.40persharecashdividend,dateofrecordApril10.Declareda$0.40persharecashdividend,dateofrecordJuly10.Declareda208stockdividendwhenthestocksmarketvaluewas$12pershare.IssuedthestockdividendthatwasdeclaredonJuly31.Declareda$0.40persharecashdividend,dateofrecordoctober10. Problem 11-4A (Algo) Part 4 4. What is the per share cost of the treasury stock purchased? (Round your answer to 2 decimal places.) P 5. How much net income did the company earn this year
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started