26 Jun ANALYSIS OF CHANGES IN STOCKHOLDERS’ EQUITY ACCOUNTS
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 sharesauthorized, 35,000 shares issued and outstanding175,000Paid-in capital in ecess of par value, common stock 135,000Retained earnings 360,000 Total stockholders’ equity670,000 Stockholders’ Equity (December 31, 2014) Common stock—5 par value, 50,000 sharesauthorized, 41,400 shares issued, 3,000 shares in treasury207,000 Paid-in capital in ecess 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’ equity734,000 The following transactions and events affected its equity during year 2014. Jan.5Declared a 0.40 per share cash dividend, date of record January 10.Mar.20Purchased treasury stock for cash.Apr.5Declared a 0.40 per share cash dividend, date of record April 10.July5Declared a 0.40 per share cash dividend, date of record July 10.July31Declared a 20% stock dividend when the stock’s market value is 10 per share.Aug.14Issued the stock dividend that was declared on July 31.Oct.5Declared a 0.40 per share cash dividend, date of record October 10.references1.value:5.00 pointsProblem 11-4A Part 1Required:1.How many common shares are outstanding on each cash dividend date? check my workreferencesebook & resources2.value:5.00 pointsProblem 11-4A Part 22.What is the total dollar amount for each of the four cash dividends? check my workreferencesebook & resources3.value:5.00 pointsProblem 11-4A Part 33.What is the amount of the capitalization of retained earnings for the stock dividend? check my workreferencesebook & resources4.value:5.00 pointsProblem 11-4A Part 44.What is the per share cost of the treasury stock purchased?(Round your answer to 2 decimal places.) check my workreferencesebook & resources5.value:5.00 pointsProblem 11-4A Part 55.How much net income did the company earn during year 2014? Account_tutor on Mon, 2014-11-03 20:48 197 4.90863: 12.99 Atticus Group’s_Stockholder’s equity body preview (298 words)Problem Analysis in C3, P2, P3 information applies displayed below.]The equity from 2013 and 2014 balance sheets follow. 31, 2013) authorized, 35,000 shares outstanding175,000 par common stock earnings 360,000 Total equity670,000 Equity 31, 2014) 50,000 41,400 issued, 3,000 in of common Retained 400,000 774,000 stock) stockholders’ equity734,000 events its during year Jan.Declared 0.40 dividend, record January 10.20 stock 0.40 share cash dividend, of April 10.5Declared per dividend, of 10.31 20% stock’s is 10 per 14 the stock dividend that declared on July Oct.5 0.40 of record 10.1.value:5.00 points – – – more tet follows – – – file1.ls preview (291 words)Sheet1 Balance sheet on —5 175,000 authorized, 35,000 shares issued and capital in of par value, stock Retained 360,000 Total stockholders’ 670,000 As 2014 Common stock—5 par 207,000authorized, shares and 3,000 shares in treasury Paid-in ecess value, stock (40000 restricted Treasury Tresury stock -40,000Total stockholders’ equity and events during year 5 Declared dividend, date record Mar. stock for cash. cash of April July 0.40 share cash record July Declared the ’ value 10 share. 14 Issued stock dividend declared 31. Oct.Declared 0.40 per share dividend, date of 10.1How many common shares outstanding cash dividend 31, Jan. 05 Mar. April.0532,000 32,000July. 31 / 14 dividends6,400 0538,400 the total – – – more tet follows – – –
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