[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-$4 par value, 100,000 shares authorized, 35,000 shares issued andoutstandingPaid-in capital in excess of par value, common stockRetained earnings$ 140,000100,000360,000३ 600, 000Total stockholders' equityStockholders Equity (December 31)Common stoek-$4 par value, 100,000 shares authorized, 41,400 shares iSsued, 3,000shares in treasuryPaid-in capital in excess of par value, common stockRetained earnings ($50,000 restricted by treasury atock)৪ 165, 600138,400420,000724,000(50,000)३ 674, 000Less cost of treasury atockTotal stockholders' equityThe 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.April 5 Declared a 60.60 per share cash dividend, date of record April 10.July 5 Declared a 60.60 per share cash dividend, date of record July 10.July 31 Declared a 20% stock dividend when the stock's market value was $10 per share.August 14 Issued the stock dividend that was declared on July 31.October 5 Declared a s0.60 per share cash dividend, date of record October 10.3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend?Capitalization amount

Stock dividend is the dividend paid in the form of shares rather than cash.

Answered: Stockholders Equity (December 31)…

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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Stockholders’ Equity (January 1) Common stock—$6 par value, 100,000 sharesauthorized, 30,000 shares issued and outstanding $ 180,000 Paid-in capital in excess of par value, common stock 140,000 Retained earnings 360,000 Total stockholders’ equity $ 680,000 Stockholders’ Equity (December 31) Common stock—$6 par value, 100,000 sharesauthorized, 35,200 shares issued, 4,000 shares in treasury $ 211,200 Paid-in capital in excess of par value, common stock 171,200 Retained earnings ($40,000 restricted by treasury stock) 420,000 802,400 Less cost of treasury stock (40,000 ) Total stockholders’ equity $ 762,400 The following transactions and events affected its equity during the year. Jan. 5 Declared a $0.40 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.40 per share cash dividend, date of record April 10.…
Retained Earnings Treasury Stock (20,000 shares, at cost) AssignmentMain.do?invoker-assignments&take... A Entries for Selected Corporate Transactions Nav-Go Enterprises Inc. produces aeronautical navigation equipment. Nav-Go Enterprises' stockholders' equity accounts, with balances on January 1, 20Y1, are as follows: Common Stock, $10 stated value (300,000 shares authorized, 200,000 shares issued) Paid-In Capital in Excess of Stated Value-Common Stock Oct. 30. Purchased 13,000 shares of treasury stock for $19 per share. Dec. 30. Declared a $0.16-per-share dividend on common stock. 31. Closed the two dividends accounts to Retained Earnings. $2,000,000 400,000 4,540,000 280,000 The following selected transactions occurred during the year: Jan. 15. Paid cash dividends of $0.13 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $23,400. Mar. 15. Sold all of the treasury stock for $17 per share. Apr. 13. Issued…
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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 $150,000 110,000 340,000 $600,000 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) $177,000 137,000 400,000 714,000 (50,000) $664, 000 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. Jan. 5 Declared a $0.50 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.50 per share cash dividend, date of record April 10.
Dividend constraints The Howe Company's stockholders' equity account is as follows: have been included as part of the $2.1 million retained earnings. a. What is the maximum dividend per share that the firm can pay? (Assume that legal capital includes all paid-in capital.) b. If the firm has $180,000 in cash, what is the largest per-share dividend it can pay without borrowing? The earnings available for common stockholders from this period's operations are $100,000, which c. Indicate the accounts and changes, if any, that will result if the firm pays the dividends indicated in parts a and b. d. Indicate the effects of an $80,000 cash dividend on stockholders' equity. a. The maximum dividend per share that the firm can is $ (Round to the nearest cent.)
Common stock-$4 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-$4 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 $0.40 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. April 5 July 5 Declared a $0.40 per share cash dividend, date of record April 10. Declared a $0.40 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…
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Total stockholders' equity. $11,262.432Entries for selected corporate transactionsNav-Go Enterprises Inc. produces aeronautical navigation equipment. Navo-Go Enterprises' stockholders' equity accounts, with balances on January 1, 20Y1, are as follows: Common Stock, $5 stated value (900,000 shares authorized, 620,000 shares issued)Paid-In Capital in Excess of Stated Value-Common StockRetained EarningsTreasury Stock (48,000 shares, at cost) $3,100,0001,240,0004,875,000288,000 The following selected transactions occurred during the year:Jan 15. Paid cash dividends of $0.06 per share on the common stock. Thedividend had been property recorded when declared on December 1 of the precedingfiscal year for $34,320.Mar. 15. Sold all of the treasury stocks for $6.75 per share. Apr. 13. Issued 200,000 shares of common stock for $8 per share.June 14 Declared a 3% stock dividend on common stock, to be capitalized at the market price of the stock, which is $7.50 per share. July 16 Issued stock…
2.→At December 31st, the Jeter Company had the following ending balances; Retained Earnings- $100,000 Preferred Stock ($100 par, 7% cumulative, 10,000 authorized, 5,000 issued and outstanding).< --500,000 Treasury-stock-$35,000 Additional paid in capital-common stock-400,000 Additional paid in capital - preferred stock-50,000 Common stock ($5.00 par value, 100,000 shares authorized, 60,000 issued)-300,000 Prepare the stockholders equity section of the balance sheet in good form with all of the required. disclosures...
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 $150,000 110,000 340,000 $600,000 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) $177,000 137,000 400,000 714,000 (50,000) $664, 000 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. Jan. 5 Declared a $0.50 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.50 per share cash dividend, date of record April 10.
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