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The equity sections from Atticus groups 2016 and 2017 year end balance sheets follow. what is the total dollar amount for each of the four
The equity sections from Atticus groups 2016 and 2017 year end balance sheets follow. what is the total dollar amount for each of the four cash dividends?
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-$5 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 $ 175,000 135,000 340,000 $ 650,000 Stockholders' Equity (December 31, 2017) Common stock-$5 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) $206,000 178,400 420,000 804,400 (40,000 $764,400 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during year 2017 Jan. 5 Declared a $0.40 per share cash dividend, date of record January 10. Mar. 2e Purchased treasury stock for cash. Apri 5 Declared a $0.40 per share cash dividend, date of record April 1e. Prey 5 67 Next of 8 4 Less cost of treasury stock Total stockholders' equity (48,000 5764,469 Part 2 of 5 The following transactions and events affected its equity during year 2017 125 points Jan. 5 Declared a $0.40 per share cash dividend, date of record January 18. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $e.40 per share cash dividend, date of record April 10. July 5 Declared a $0.48 per share cash dividend, date of record July 1e. 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 $0.40 per share cash dividend, date of record October 10. 8 03:04:13 eBook Problem 11-4A Part 2 Print 2. What is the total dollar amount for each of the four cash dividends? Jan. 5 Apr. 5 July 5 Oct. 5 Cash dividend amounts Step by Step Solution
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