Required Information The Following Information Applies To The Questions Displayed Below The Equity Sections For Attic 1 (61.67 KiB) Viewed 11 times
Required Information The Following Information Applies To The Questions Displayed Below The Equity Sections For Attic 2 (14.64 KiB) Viewed 11 times
Required Information The Following Information Applies To The Questions Displayed Below The Equity Sections For Attic 3 (13.18 KiB) Viewed 11 times
Required Information The Following Information Applies To The Questions Displayed Below The Equity Sections For Attic 4 (13.18 KiB) Viewed 11 times
Required information [The following information applies to the questions displayed below.] 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, 30,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Stockholders' Equity (December 31) Common stock-$5 par value, 100,000 shares authorized, 35,200 shares issued, 4,000 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 The following transactions and events affected its equity during the year. January 5 Declared a $0.60 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. $ 150,000 110,000 340,000 $ 600,000 April 5 Declared a $0.60 per share cash dividend, date of record April 10. July 5 Declared a $0.60 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. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.60 per share cash dividend, date of record October 10. Required: 1. How many common shares are outstanding on each cash dividend date? $ 176,000 146,400 400,000 722,400 (30,000) $ 692,400
Required: 1. How many common shares are outstanding on each cash dividend date? Outstanding common shares January 5 April 5 July 5 October 5
2. What is the total dollar amount for each of the four cash dividends? Cash dividend amounts January 5 April 5 July 5 October 5
2. What is the total dollar amount for each of the four cash dividends? Cash dividend amounts January 5 April 5 July 5 October 5
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!