Question
[The following information applies to the questions displayed below.] The equity sections from Atticus Groups 2016 and 2017 year-end balance sheets follow. Stockholders Equity (December
[The following information applies to the questions displayed below.] The equity sections from Atticus Groups 2016 and 2017 year-end balance sheets follow. Stockholders Equity (December 31, 2016) Common stock$6 par value, 100,000 shares authorized, 30,000 shares issued and outstanding $180,000 Paid-in capital in excess of par value, common stock 140,000 Retained earnings 340,000 Total stockholders equity $660,000 Stockholders Equity (December 31, 2017) Common stock$6 par value, 100,000 shares authorized, 35,000 shares issued, 5,000 shares in treasury $210,000 Paid-in capital in excess of par value, common stock 180,000 Retained earnings ($50,000 restricted by treasury stock) 440,000 830,000 Less cost of treasury stock (50,000) Total stockholders equity $780,000 The following transactions and events affected its equity during year 2017. 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 $14 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.
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Oct. 5 Declared a $0.50 per share cash dividend, date of record October 10, Problem 13-4A Part 1 Required: 1. How many common shares are outstanding on each cash dividend date? Jan: 5 Oct. 5 Apr. 5 July 5 Outstanding common shares cm Nex 7 89 CPrev web and Windows July 31 Declared a 20% stock dividend when the stock's market value was $14 per 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 13-4A Part 2 2. What is the total dollar amount for each of the four cash dividends? Apr 5 July 5 Jan: 5 Oct. 5 Cash dividend amounts 10 11of 11 K Prev b and Windows Ch Value was 314 per sha 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 0ctober 18, Problem 13-4A Part 3 3. What is the amount of the capitalization of retained earnings for the stock dividend? Capitalization amount NeStep by Step Solution
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