Question

Connect Homework - Chapter 11 Help Save & Exit Submit Required information Problem 11-4A Analyzing changes in stockholders' equity accounts LO C3, P2, P3 (The following information applies to the questions displayed below.) Part 2 of 2 The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. points Stockholders' Equity (January 1) Common stock-$5 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 eBook $175,000 135.000 340,000 $650,000 Print Reference Stockholders' Equity (December 31) Common stock-$5 par value, 100,000 shares authorized, 41,000 shares issued, 5,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($60,000 restricted by treasury stock) $285,800 177,000 400,000 782,000 (60,000) $722,000 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year.

I need help with the Explanation and Solution for the whole question Please and Thank you.

Answer 1

2) Cash dividend

	Jan 5	Apr 5	July 5	Oct 5
Cash dividend	35000*.50 = 17500	(35000-5000)*.50 = 15000	15000	(30000*1.2*.50) = 18000