subject
Business, 07.11.2019 22:31 nique1024

The equity sections from atticus group’s 2015 and 2016 year-end balance sheets follow. stockholders’ equity (december 31, 2015) 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 340,000 total stockholders’ equity $ 650,000 stockholders’ equity (december 31, 2016) 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 192,600 retained earnings ($50,000 restricted by treasury stock) 440,000 839,600 less cost of treasury stock (50,000 ) total stockholders’ equity $ 789,600 the following transactions and events affected its equity during year 2016. jan. 5 declared a $0.50 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 is $14 per share. aug. 14 issued the stock dividend that was declared on july 31. oct. 5 declared a $0.50 per share cash dividend, date of record october 10.
required:
1. how many common shares are outstanding on each cash dividend date?
2. what is the total dollar amount for each of the four cash dividends?
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

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 16:10
Weber company purchases $44,270 of raw materials on account, and it incurs $52,730 of factory labor costs. supporting records show that (a) the assembly department used $27,580 of raw materials and $33,320 of the factory labor, and (b) the finishing department used the remainder. manufacturing overhead is assigned to departments on the basis of 150% of labor costs.journalize the assignment of overhead to the assembly and finishing departments.account titles and explanation debit credit
Answers: 2
question
Business, 21.06.2019 17:10
Acompany manufactures hair dryers. it buys some of the components, but it makes the heating element, which it can produce at the rate of 920 per day. hair dryers are assembled daily, 250 days a year, at a rate of 360 per day. because of the disparity between the production and usage rates, the heating elements are periodically produced in batches of 2,300 units. a. approximately how many batches of heating elements are produced annually? b. if production on a batch begins when there is no inventory of heating elements on hand, how much inventory will be on hand 4 days later? c. what is the average inventory of elements, assuming each production cycle begins when there are none on hand?
Answers: 1
question
Business, 22.06.2019 11:50
After graduation, you plan to work for dynamo corporation for 12 years and then start your own business. you expect to save and deposit $7,500 a year for the first 6 years (t = 1 through t = 6) and $15,000 annually for the following 6 years (t = 7 through t = 12). the first deposit will be made a year from today. in addition, your grandfather just gave you a $32,500 graduation gift which you will deposit immediately (t = 0). if the account earns 9% compounded annually, how much will you have when you start your business 12 years from now?
Answers: 1
question
Business, 22.06.2019 19:50
Statistical process control charts: a. indicate to the operator the true quality of material leaving the process. b. display upper and lower limits for process variables or attributes and signal when a process is no longer in control. c. indicate to the process operator the average outgoing quality of each lot. d. display the measurements on every item being produced. e. are a graphic way of classifying problems by their level of importance, often referred to as the 80-20 rule.
Answers: 2
You know the right answer?
The equity sections from atticus group’s 2015 and 2016 year-end balance sheets follow. stockholders’...
Questions
question
Mathematics, 30.08.2020 06:01
question
Mathematics, 30.08.2020 06:01
question
Mathematics, 30.08.2020 06:01
question
Mathematics, 30.08.2020 07:01
question
Mathematics, 30.08.2020 07:01
question
Mathematics, 30.08.2020 07:01