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Required: 1. How many common shares are outstanding on each cash dividend date? Required information [The following information applies to the questions displayed below.] The
Required: 1. How many common shares are outstanding on each cash dividend date?
Required information [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. January5March20April5July5Declareda$0.60persharecashdividend,dateofrecordJuly10.July31Declareda20%stockdividendwhenthestocksmarketvaluewas$14pershare.August14IssuedthestockdividendthatwasdeclaredonJuly31.October5Declareda$0.60persharecashdividend,dateofrecordOctober10.Declareda$0.60persharecashdividend,dateofrecordJanuary10.Purchasedtreasurystockforcash.Declareda$0.60persharecashdividend,dateofrecordApril10. Required: 1. How many common shares are outstanding on each cash dividend dateStep by Step Solution
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