- The Equity Sections For Atticus Group At The Beginning Of The Year January 1 And End Of The Year December 31 Follow 1 (182.61 KiB) Viewed 40 times
date?
What is the total dollar amount for each of the four cash
dividends?
What is the amount of retained earnings transferred to
paid-in capital accounts (capitalized) for the stock dividend?
What is the per share cost of the treasury stock
purchased? (Round your answer to 2 decimal
places.)
How much net income did the company earn this year?
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-$5 par value, 100,000 shares authorized, 40,000 shares issued and outstanding $ 200,000 Paid-in capital in excess of par value, common stock 160,000 320,000 Retained earnings Total stockholders' equity $ 680,000 Stockholders' Equity (December 31) Common stock-$5 par value, 100,000 shares authorized, 47,200 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) Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. January 5 Declared a $0.40 per share cash dividend, date of record January 10. Purchased treasury stock for cash. March 20 April 5 July 5 Declared a $0.40 per share cash dividend, date of record April 10. Declared a $0.40 per share cash dividend, date of record July 10. July 31 August 14 Declared a 20% stock dividend when the stock's market value was $12 per share. Issued the stock dividend that was declared on July 31. October 5 Declared a $0.40 per share cash dividend, date of record October 10. $ 236,000 210,400 400,000 846,400 (40,000) $ 806,400