Atticus Group’s_Stockholder's equity
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Problem 11-4A Analysis of changes in stockholders' equity accounts LO C3, P2, P3
[The following information applies to the questions displayed below.]
| The equity sections from Atticus Group’s 2013 and 2014 year-end balance sheets follow. |
| Stockholders’ Equity (December 31, 2013) | ||
| Common stock—$5 par value, 50,000 shares authorized, 35,000 shares issued and outstanding | $ | 175,000 |
| Paid-in capital in excess of par value, common stock | 135,000 | |
| Retained earnings | 360,000 | |
| Total stockholders’ equity | $ | 670,000 |
| Stockholders’ Equity (December 31, 2014) | |||
| Common stock—$5 par value, 50,000 shares authorized, 41,400 shares issued, 3,000 shares in treasury | $ | 207,000 | |
| Paid-in capital in excess of par value, common stock | 167,000 | ||
| Retained earnings ($40,000 restricted by treasury stock) | 400,000 | ||
| 774,000 | |||
| Less cost of treasury stock | (40,000 | ) | |
| Total stockholders’ equity | $ | 734,000 | |
| The following transactions and events affected its equity during year 2014. |
| 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. |
| July | 5 | 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 is $10 per share. |
| Aug. | 14 | Issued the stock dividend that was declared on July 31. |
| Oct. | 5 | Declared a $0.40 per share cash dividend, date of record October 10. |
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1.value:
5.00 points
Problem 11-4A Part 1
| Required: | |
| 1. | How many common shares are outstanding on each cash dividend date? |
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2.value:
5.00 points
Problem 11-4A Part 2
| 2. | What is the total dollar amount for each of the four cash dividends? |
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3.value:
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Problem 11-4A Part 3
| 3. | What is the amount of the capitalization of retained earnings for the stock dividend? |
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4.value:
5.00 points
Problem 11-4A Part 4
| 4. | What is the per share cost of the treasury stock purchased?(Round your answer to 2 decimal places.) |
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5.value:
5.00 points
Problem 11-4A Part 5
| 5. | How much net income did the company earn during year 2014? |
12 years ago
Atticus Group’s_Stockholder's equity
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