the equity sections from atticus group’s 2013 and 2014 the equity sections from atticus group’s 2013 and 2014 year-end balance sheets follow.

Project Description:

acct 2301 financial accounting wild 5th edition custom: acct 2301_45017 spring_15 de f8a
project ii
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—$4 par value, 50,000 shares
authorized, 40,000 shares issued and outstanding $ 160,000
paid-in capital in excess of par value, common stock 120,000
retained earnings 340,000

total stockholders’ equity $ 620,000


stockholders’ equity (december 31, 2014)
common stock—$4 par value, 50,000 shares
authorized, 47,200 shares issued, 4,000 shares in treasury $ 188,800
paid-in capital in excess of par value, common stock 163,200
retained earnings ($60,000 restricted by treasury stock) 420,000

772,000
less cost of treasury stock (60,000 )

total stockholders’ equity $ 712,000


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.


required:
1. how many common shares are outstanding on each cash dividend date?
jan.5th= apr.5th= july 5th= oct.5th=


2. what is the total dollar amount for each of the four cash dividends?
jan.5th= apr.5th= july 5th= oct.5th=


3. what is the amount of the capitalization of retained earnings for the stock dividend?


4.

what is the per share cost of the treasury stock purchased? (round your answer to 2 decimal places.)


5.

how much net income did the company earn during year 2014?




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