problem 11-4A analysis of changes in stockholders' equity
pter 11 Required information Problem 11-4A Analysis of changes in stockholders' equity accounts LO C3, P2, P3 (The following information applies to the questions displayed below.) The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow. Stockholders' Equity (December 31, 2016) Common stock-56 par value, 180,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 210,000 170,000 320, eee $ 700,000 Stockholders' Equity (December 31, 2017) Common stock-$6 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 $247,200 207,200 400,000 854,400 (40,000) $814,400 The following transactions and events affected its equity during year 2017 Jan. 5 Declared a 50.50 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 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 $12 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a 50.50 per share cash dividend, date of record October 10. Problem 11-4A Part 1 IU UUU UIIULIU) UuLL UITLLUTU APIL 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 $1 Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.50 per share cash dividend, date of record October 1 Problem 11-4A Part 1 Required: 1. How many common shares are outstanding on each cash dividend date? Jan. 5 Apr. 5 July 5 Oct. 5 Outstanding common shares