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. January 5 Declared a $0.50 per share cash dividend, date of record January 10. March 2 Purchased treasury stock for cash. April 5 Declared a $0.50 per share cash dividend, date of record Apri1 10. July 5 Declared a \$0.50 per share cash dividend, date of record July 10 . July 31 Declared a 208 stock dividend when the stock's market value was $14 per share. Required: 1. How many common shares are outstanding on each cash dividend date? \begin{tabular}{|l|c|c|c|c|} \hline Outstanding common shares & January 5 & April 5 & July 5 & October 5 \\ \hline \end{tabular} Retained earnings (\$56, 900 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. January 5 Declared a $0.50 per share cash dividend, date of record January 10 . March 20 Purchased treasury stock for cash. April 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 \$14 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.50 per share cash dividend, date of record october 10. 2. What is the total dollar amount for each of the four cash dividends? Retained earnings (\$50,000 restricted by treasury stock) Less cost of treasury stock Total stockholders? equity The following transactions and events affected its equity during the year. January 5 Declared a $0.50 per share cash dividend, date of record January 10 . March 20 Purchased treasury stock for cash. April 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 $14 per share. August 14 Issued the stock dividend that was declared on July 31 . October 5 Declared a $0.50 per share cash dividend, date of recond october 10 . Retained earnings (\$50,000 restricted by treasury stock) Less cost of treasury stock Total stockholdens' equity The following transactions and events affected its equity during the year. January 5 Declared a $0.50 per share cash dividend, date of record January 10 . March 20 Purchased treasury stock for cash. April 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 $14 per share. August 14 Issued the stock dividend that was declared on July 31 . October 5 Declared a $0.50 per share cash dividend, date of record October 10
