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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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[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:[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
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?
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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