please answer these questions all for the same problem 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-$6 par value, 100,000 shares authorized, 40,000 shares issued andoutstandingPaid-in capital in excess of par value, common stockRetained earningsTotal stockholders' equityStockholders' Equity (December 31)Common stock-$6 par value, 100,000 shares authorized, 47,400 shares issued, 3,000 shares intreasuryPaid-in capital in excess of par value, common stockRetained earnings ($60,000 restricted by treasury stock)Less cost of treasury stockTotal stockholders' equityThe following transactions and events affected Its equity during the year.January 5 Declared a $0.50 per share cash dividend, date of record January 10.March 29 Purchased treasury stock for cash.April 5July 5July 31August 14October 5$ 240,000200,000320,000$760,000Declared a $0.50 per share cash dividend, date of record April 18.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 $14 per share.Issued the stock dividend that was declared on July 31.Declared a $0.50 per share cash dividend, date of record October 18.$ 284,400259, 200420,000963,608(60,089)$ 903,600 October 5 Declared a $0.50 per share cash dividend, date of record October 10.Required:1. How many common shares are outstanding on each cash dividend date?Outstanding common sharesSamJanuary 5Cash dividend amountsApril 5August 14 Issued the stock dividend that was declared on July 31.October 5 Declared a $8.50 per share cash dividend, date of record October2. What is the total dollar amount for each of the four cash dividends?April 5July 5July 31August 14October 5January 5July 5April 5July 5lected 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.October 5October 5Declared a $0.50 per share cash dividend, date of record April 18.Declared a $8.50 per share cash dividend, date of record July 19.Declared a 20% stock dividend when the stock's market value was $14 per share.Issued the stock dividend that was declared on July 31.Declared a $0.50 per share cash dividend, date of record October 10.3. What is the amount of retained earnings transferred to pald-in capital accounts (capitalized) for the stock dividend?Capitalization amountJanuary 5 Declared a $6.56 per share cash dividend, daMarch 20 Purchased treasury stock for cash.April 5July SJuly 31August 14October 5Declared a $9.50 per share cash dividend, datDeclared a $0.50 per share cash dividend, datDeclared a 20% stock dividend when the stockIssued the stock dividend that was declared oDeclared a $8.50 per share cash dividend, dat4. What is the per share cost of the treasury stock purchased?Note: Round your answer to 2 decimal places.Cost per sharemarch 20April 5July 5Purchased treasury stock for cash.Declared a $0.50 per share cash dividend,Declared a $0.50 per share cash dividend,July 31 Declared a 20% stock dividend when the stoAugust 14 Issued the stock dividend that was declareOctober 5 Declared a $0.50 per share cash dividend,5. How much net Income did the company earn this year?Net incomeISLARIMER

Stockholder's Equity includes the amount contributed by shareholders in the form of common stock,…

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-$6 par value, 100,000 shares authorized, 40,000 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-$6 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 ($60,000 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 October 5 $ 240,000 200,000 320,000 $760,000 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 18. 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 $14 per share. Issued the stock dividend that was declared on July 31. Declared a $0.50 per share cash dividend, date of record October 10. $ 284,400 259, 200 420,000 963,608 (60,000) $ 903,600

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q