1. Problem 11-4A Analysis of changes in stockholders’ equity accounts LO C3, P2, P3The equity sections from Atticus Group’s 2013 and 2014 year-end balance sheets follows.Stockholders’ Equity (December 31, 2013)Common stock-$4 par value, 50,000 shares authorized, 40,000 shares issued and outstanding $160,000Paid-in capital in excess of par value, common stock 120,000Retained earnings 340,000 ___________Total stockholders’ equity $620,000____________________________________________________________________________________________Stockholders’ Equity (December 31, 2014)Common stock–$4 par value, 50,000 shares authorized, 47,000 shared issued, 5,000 shares in treasury $188,000Paid-in capital in excess of par value, common stock 190,000Retained earnings ($40,000 restricted by treasury stock) __________ 798,000Less cost of treasury stock (40,000) ______________Total stockholders’ equity $758,000________________________________________________________________________________________________The following transactions and events affected its equity during year 2014.Jan. 5 Declared a $0.60 per share cash dividend, date of record January 10.Mar. 20 Purchased treasury stock for cash.Apr. 5 Declared a $0.60 per share cash dividend, date of record April 10.July 5 Declared a $0.60 per share cash dividend, date of record July 10.July 31 Declared a 20% stock dividend when the stock’s market value is $14 per share.Aug. 14 Issued the stock dividend that was declared on July 31.Oct. 5 Declared a $0.60 per share cash dividend, date of record October 10.1. How many common shares are outstanding on each cash dividend date? Jan. 5 Apr. 5 July 5 Oct. 5Outstanding common shares __________________________________________________2. What is the total dollar amount for each of the four cash dividends? Jan. 5 Apr.5 July 5 Oct.5Cash dividend amounts ___________________________________________________3. What is the amount of the capitalization of retained earnings for the stock dividend?Capitalization amount __________________________4. What is the per share cost of the treasury stock purchased? (round your answer to 2 decimal places.)Cost per share ______________________________5. How much net income did the company earn during year 2014?Net income _______________________
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more