Required information Problem 11-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3 [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, 35,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($50,000 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 $0.50 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. April 5 July 5 July 31 August 14 Declared a $0.50 per share cash dividend, date of record April 10. Declared a $0.50 per share cash dividend, date of record July 10. Declared a 20% stock dividend when the stock's market value was $10 per share. Issued the stock dividend that was declared on July 31. Show Transcribed Text Problem 11-4A (Algo) Part 2 Mugual 14 POJUMU LIKE SLUL VIVINCITU LIIGL W CI JULY JL. October 5 Declared a $0.50 per share cash dividend, date of record October 10. 2. What is the total dollar amount for each of the four cash dividends? Cash dividend amounts January 5 g April 5 July 5 c $ 150,000 110,000 340,000 $ 600,000 October 5 $ 177,000 137,000 420,000 734,000 (50,000) $ 684,000
Required information Problem 11-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3 [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, 35,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($50,000 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 $0.50 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. April 5 July 5 July 31 August 14 Declared a $0.50 per share cash dividend, date of record April 10. Declared a $0.50 per share cash dividend, date of record July 10. Declared a 20% stock dividend when the stock's market value was $10 per share. Issued the stock dividend that was declared on July 31. Show Transcribed Text Problem 11-4A (Algo) Part 2 Mugual 14 POJUMU LIKE SLUL VIVINCITU LIIGL W CI JULY JL. October 5 Declared a $0.50 per share cash dividend, date of record October 10. 2. What is the total dollar amount for each of the four cash dividends? Cash dividend amounts January 5 g April 5 July 5 c $ 150,000 110,000 340,000 $ 600,000 October 5 $ 177,000 137,000 420,000 734,000 (50,000) $ 684,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Required information
Problem 11-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3
[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, 35,400 shares issued, 3,000 shares in
treasury
Paid-in capital in excess of par value, common stock
Retained earnings ($50,000 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
March 20
April 5
July 5
July 31
August 14
Declared a $0.50 per share cash dividend, date of record January 10.
Purchased treasury stock for cash.
Declared a $0.50 per share cash dividend, date of record April 10.
Declared a $0.50 per share cash dividend, date of record July 10.
Declared a 20% stock dividend when the stock's market value was $10 per share.
Issued the stock dividend that was declared on July 31.
Show Transcribed Text
Mugual 14 L3Jucu
LIKE SLUCK DIVI GL was UCLIDI CU VII JULY JL.
October 5 Declared a $0.50 per share cash dividend, date of record October 10.
Problem 11-4A (Algo) Part 2
2. What is the total dollar amount for each of the four cash dividends?
Cash dividend amounts
January 5
April 5
July 5
$ 150,000
110,000
340,000
$ 600,000
October 5
$ 177,000
137,000
420,000
734,000
(50,000)
$ 684,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0c00be2b-a322-450b-a7a8-4377e245afcc%2F8f00436c-f253-4c7c-b29a-47fef0ef21a8%2F7psibp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
Problem 11-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3
[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, 35,400 shares issued, 3,000 shares in
treasury
Paid-in capital in excess of par value, common stock
Retained earnings ($50,000 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
March 20
April 5
July 5
July 31
August 14
Declared a $0.50 per share cash dividend, date of record January 10.
Purchased treasury stock for cash.
Declared a $0.50 per share cash dividend, date of record April 10.
Declared a $0.50 per share cash dividend, date of record July 10.
Declared a 20% stock dividend when the stock's market value was $10 per share.
Issued the stock dividend that was declared on July 31.
Show Transcribed Text
Mugual 14 L3Jucu
LIKE SLUCK DIVI GL was UCLIDI CU VII JULY JL.
October 5 Declared a $0.50 per share cash dividend, date of record October 10.
Problem 11-4A (Algo) Part 2
2. What is the total dollar amount for each of the four cash dividends?
Cash dividend amounts
January 5
April 5
July 5
$ 150,000
110,000
340,000
$ 600,000
October 5
$ 177,000
137,000
420,000
734,000
(50,000)
$ 684,000
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