- Required Information Problem 11 4a Analysis Of Changes In Stockholders U2019 Equity Accounts Lo C3 P2 P3 The Followi 1 (54 KiB) Viewed 43 times
- Required Information Problem 11 4a Analysis Of Changes In Stockholders U2019 Equity Accounts Lo C3 P2 P3 The Followi 2 (60.34 KiB) Viewed 43 times
Required information. Problem 11-4A Analysis of changes in stockholders%u2019 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-$4 par value, 100,000 shares $ 160,000 authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings 120,000 320,000 Total stockholders' equity $ 600,000 Stockholders' Equity (December 31, 2017) Common stock-$4 par value, 100,000 shares authorized, 47,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($30,000 restricted by treasury stock) $189,600 179,200 400,000 768,800 Less cost of treasury stock (30,000) $738,800 Total stockholders' equity 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 stock's market value was $12 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.50 per ahare cash dividend, date of record October 10.
Homework (15 pts) i of 5 ok int ences Saved Stockholders' Equity (December 31, 2017) Common stock-$4 par value, 100,000 shares authorized, 47,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($30,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity $738,800 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 stock's market value was $12 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.50 per share cash dividend, date of record October 10. Problem 11-4A Part 1 Required: 1. How many common shares are outstanding on each cash dividend date? Jan. 5 Apr. 5 July 5 Oct. 5 Outstanding common shares 35,000 31,000 31,000 $189,600 179,200 400,000 768,800 (30,000) 37,200