Stockholders Equity (December 31) Common stock-$5 par value, 100,000 shares authorized, 47,000 shares issued, 5,000 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. 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. Declared a $0.50 per share cash dividend, date of record October 10. April 5 July 5 July 31 August 14 October 5 $ 235,000 195,000 400,000 830,000 (50,000) $ 780,000 3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend? Capitalization amount
Stockholders Equity (December 31) Common stock-$5 par value, 100,000 shares authorized, 47,000 shares issued, 5,000 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. 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. Declared a $0.50 per share cash dividend, date of record October 10. April 5 July 5 July 31 August 14 October 5 $ 235,000 195,000 400,000 830,000 (50,000) $ 780,000 3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend? Capitalization amount
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject :- Accouning
![[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, 40,000 shares issued and
outstanding
Paid-in capital in excess of par value, common stock
Retained earnings
Total stockholders' equity
$ 200,000
160,000
340,000
$ 700,000
Stockholders' Equity (December 31)
Common stock-$5 par value, 100,000 shares authorized, 47,000 shares issued, 5,000 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
$ 235,000
195,000
400,000
830,000
(50,000)
$ 780,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F83b62d92-ae46-4dd3-8277-7ec31e6fe3f8%2F34e9a5a6-0a71-4c2b-9bf6-739b9b33867d%2Fjprdvjr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:[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, 40,000 shares issued and
outstanding
Paid-in capital in excess of par value, common stock
Retained earnings
Total stockholders' equity
$ 200,000
160,000
340,000
$ 700,000
Stockholders' Equity (December 31)
Common stock-$5 par value, 100,000 shares authorized, 47,000 shares issued, 5,000 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
$ 235,000
195,000
400,000
830,000
(50,000)
$ 780,000
Transcribed Image Text:Stockholders' Equity (December 31)
Common stock-$5 par value, 100,000 shares authorized, 47,000 shares issued, 5,000 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
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.
Declared a $0.50 per share cash dividend, date of record October 10.
July 5
July 31
August 14
October 5
$ 235,000
Capitalization amount
195,000
400,000
830,000
(50,000)
$ 780,000
3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend?
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