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Required information Problem 11-4A Analyzing changes in stockholders' equity accounts LO C3, P2, P3 Skip to question [The following information applies to the questions displayed
Required information
Problem 11-4A Analyzing changes in stockholders' equity accounts LO C3, P2, P3
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[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.
Stockholders Equity (January 1) | |||
Common stock$6 par value, 100,000 shares authorized, 35,000 shares issued and outstanding | $ | 210,000 | |
Paid-in capital in excess of par value, common stock | 170,000 | ||
Retained earnings | 320,000 | ||
Total stockholders equity | $ | 700,000 | |
Stockholders Equity (December 31) | ||||
Common stock$6 par value, 100,000 shares authorized, 41,200 shares issued, 4,000 shares in treasury | $ | 247,200 | ||
Paid-in capital in excess of par value, common stock | 207,200 | |||
Retained earnings ($40,000 restricted by treasury stock) | 400,000 | |||
854,400 | ||||
Less cost of treasury stock | (40,000 | ) | ||
Total stockholders equity | $ | 814,400 | ||
The following transactions and events affected its equity during the year.
Jan. | 5 | Declared a $0.50 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 stocks market value was $12 per share. | ||
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 10. |
Problem 11-4A Part 2
2. What is the total dollar amount for each of the four cash dividends?
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the book value per share of the preferred and common stock for three years of preferred dividends are in arrears. Book Value per Common Share Choose Numerator: Choose Denominator: Book Value per Common Share Stockholders' equity applicable to common shares 1 Number of common shares outstanding Book value per common share = 0
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