Question

The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow. Common stock-$6 par value, 100,000 shares authorized, 30,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 180,000 140,000 340,000 $660,000 Stockholders' Equity (December 31, 2017) Common stock-$6 par value, 100,000 shares authorized, 35,000 shares issued, 5,008 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($50,008 restricted by treasury stock) $ 210,000 180,000 440,000 830,000 (50,000) $ 780,000 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during year 2017 Jan. 5Declared a se.60 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. 5 Declared a s0.60 per share cash dividend, date of record April 10. uly 5Declared a se.60 per shäre cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stock's market value was S14 per share. Aug. 14Issued the stock dividend that was declared on July 31 oet. 5Declared a se.6e per share cash dividend, date of record october 10.

Answer 1

Date	Number of shares outstanding	Calculation
Jan, 5	30000 shares
Apr, 5	25000 shares	(30000-5000)
July, 5	25000 shares
Oct, 5	30000 shares	(25000*1.2)
1		Jan, 5	Apr, 5	July, 5	Oct, 5
	Outstanding common shares	30000 shares	25000 shares	25000 shares	30000 shares