580,000 Total stockholders' equity Stockholders' Equity (December 31) Common stock-$4 par value, 100,000 shares authorized, 41,400...

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580,000 Total stockholders' equity Stockholders' Equity (December 31) Common stock-$4 par value, 100,000 shares authorized, 41,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($50,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. Declared a $0.60 per share cash dividend, date of record January 10. Purchased treasury stock for cash. January 5 March 20 April 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 was $12 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.60 per share cash dividend, date of record October 10. Problem 11-4A (Algo) Part 1 Required: . How many common shares are outstanding on each cash dividend date? January 5 April 5 July 5 October 5 Outstanding common shares $ 165,600 151,200 440,000 756,800 (50,000) $ 706,800 580,000 Total stockholders' equity Stockholders' Equity (December 31) Common stock-$4 par value, 100,000 shares authorized, 41,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($50,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. Declared a $0.60 per share cash dividend, date of record January 10. Purchased treasury stock for cash. January 5 March 20 April 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 was $12 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.60 per share cash dividend, date of record October 10. Problem 11-4A (Algo) Part 1 Required: . How many common shares are outstanding on each cash dividend date? January 5 April 5 July 5 October 5 Outstanding common shares $ 165,600 151,200 440,000 756,800 (50,000) $ 706,800

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To determine the number of common shares outstanding on each cash dividend date we need to consider ... View the full answer