Sign In Sign Up Ask an AI advisor
Derrick253
Derrick253
26.11.2019 • 
Business

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, 35,000 shares issued and outstanding paid-in capital in excess of par value, common stock retained earnings total stockholders' equity $ 140,000 100,000 340,000 $ 580,000 stockholders' equity (december 31, 2017) common stock-$4 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 ($30,000 restricted by treasury stock) $164,800 162,000 420,000 746,800 (30,000) $716,800 less cost of treasury stock total stockholders' equity the following transactions and events affected its equity during year 2017 jan. 5 declared a $0.60 per share cash dividend, date of record january 10. mar. 20 purchased treasury stock for cash. apr. 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 $14 per share. aug. 14 issued the stock dividend that was declared on july 31. oct. 5 declared a $0.60 per share cash dividend, date of record october 10. 3. what is the amount of the capitalization of retained earnings for the stock dividend? capitalization amount

Solved
Show answers

Ask an AI advisor a question

I want advice