Question

problem 11-4A analysis of changes in stockholders' equity

pter 11 Required information 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 2016 and 2017 year-end balance sheets follow. Stockholders' Equity (December 31, 2016) Common stock-56 par value, 180,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 210,000 170,000 320, eee $ 700,000 Stockholders' Equity (December 31, 2017) Common stock-$6 par value, 100,000 shares authorized, 41,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($40,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity $247,200 207,200 400,000 854,400 (40,000) $814,400 The following transactions and events affected its equity during year 2017 Jan. 5 Declared a 50.50 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.50 per share cash dividend, date of record April 10. July 5 Declared a $0.50 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 a 50.50 per share cash dividend, date of record October 10. Problem 11-4A Part 1 < Prev 4 5 6 ... 8 of 8 !! Next >

Answer 1

O 0 computation on each solution of common shares are outstanding cash dividend dat er Particulars calculations Shares Jan-s existing at begining 35,000 APO-S 31,ood 4,000 treasury Stock Purchased [35,000-4,000] July 5d To no transaktione 31.000 Oct-5 37,200 declared 20% stock dividend un 31,000x20% = 6.2002 +31,000 b c @ computation of the four total dollar Amount for each cash dividends . Panticulars outstanding common shares Dividend per Share cash dividends Amount CX 14,500 0.50 Jan-s Al-5 Julys octos 35,000 31,000 21.000 31.200 0.50 0.50 0.50 15.500 15.500 18,600

| 3 of retained computation of the earning's for the nuu muu capitalization stock dividend w nu Particulars m - @ outstanding Shares an July 31 6 stock dividend rate O No. of stock to be issued as Stock dividends 31,000 207 6.200 - - 12 I share market vale per share loto calitalization amount of retained earning's tone & tuuoo 4 cost of the treasury computation of per share stock STOCA om Purchased n un n @ 6 & Particulans Treasury Stock value - No. of shares as Treasury stock cost per share @6 - $40.000 4,000 shares $ 101 share.

that the company 6 computation earn during of net oncome year 2017 w Amount (A) Particulars Retained earnings - ending Balance 4,00.000 Total cash dividends. 67.100 74,400 Total stock dividends Total siul, 500 Lessi retained earnings - Beginning balance 3,20.000 Net Income during 2017 2.91,500