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##### 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.;references;1.value;5.00 points;Problem 11-4A Part 1;Required;1. How many common shares are outstanding on each cash dividend date?;check my work references ebook & resources;2.value;5.00 points;Problem 11-4A Part 2;2. What is the total dollar amount for each of the four cash dividends?;check my work references ebook & resources;3.value;5.00 points;Problem 11-4A Part 3;3. What is the amount of the capitalization of retained earnings for the stock dividend?;check my work references ebook & resources;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.);check my work references ebook & resources;5.value;5.00 points;Problem 11-4A Part 5;5.;How much net income did the company earn during year 2014?

Paper#76107 | Written in 18-Jul-2015

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