Question: how do i do this? The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow Stockholders' Equity (December 31, 2016) Common stock-$4
The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow Stockholders' Equity (December 31, 2016) Common stock-$4 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders equity 160,0ee 120,000 320,000 $ 600,ee0 Stockholders' Equity (December 31, 2017) Common stock-$4 par value, 100,000 shares authorized, 47,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($3e,0 restricted by treasury stock) $189,60e 179,200 400.000 768,800 Less cost of treasury stock Total stockholders' equity 30, 0001 $738,800 The following transactions and events affected its equity during year 2017 Jan. 5 Declared a $0.50 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declareda se.se per share cash dividend, date of record April 10. July 5 Declared a $e.se 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 Aug. 14 Issued the stock dividend that was declared on July 31 Oct. 5 Declared $e.50 per share cash dividend, date of record October 10. 4. What is the per share cost of the treasury stock purchased? ost per share
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
