Details of this Paper

Saint ACC202 Module 2 - Homework - Chapter 11

Description

solution


Question

Question;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 stock135,000 Retained earnings360,000 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 stock167,000 Retained earnings ($40,000 restricted by treasury stock)400,000774,000 Less cost of treasury stock(40,000) Total stockholders? equity$734,000The 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.references 1.value:5.00 pointsProblem 11-4A Part 1Required:1.How many common shares are outstanding on each cash dividend date?check my workreferencesebook & resources 2.value:5.00 pointsProblem 11-4A Part 22.What is the total dollar amount for each of the four cash dividends?check my workreferencesebook & resources 3.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 & resources 4.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 & resources 5.value:5.00 pointsProblem 11-4A Part 55.How much net income did the company earn during year 2014?

 

Paper#39323 | Written in 18-Jul-2015

Price : $19
SiteLock