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Business, 16.12.2019 20:31 MendesMist

The equity sections from atticus group's 2017 and 2018 year-end balance sheets follow.

stockholders' equity (december 31, 2017)
common stock-$6 par value, 100,000 shares authorized, 35,000 shares issued and outstanding $210,000
paid-in capital in excess of par value, common stock 170,000
retained earnings 340,000
total stockholders' equity $720,000
stockholders' equity (december 31, 2018)
common stock-$6 par value, 100,000 shares authorized, 41,000 shares issued, 5,000 shares in treasury $246,000
paid-in capital in excess of par value, common stock 194,000
retained earnings ($30,000 restricted by treasury stock) 440,000
less cost of treasury stock (30,000)
total stockholders' equity $850,000
the following transactions and events affected its equity during year 2018.

jan. 5 declared a $0.40 per share cash dividend, date of record january 10.
mar. 20 purchased treasury stock for cash.
apr. 5 declared a $0.40 per share cash dividend, date of record april 10.
july 5 declared a $0.40 per share cash dividend, date of record july 10.
july 31 declare a 20% stock dividend when the stock? s market value was $10 per share.
aug. 14 issued the stock dividend that was declared on july 31.
oct. 5 declared a $0.40 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?

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Answers: 3

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The equity sections from atticus group's 2017 and 2018 year-end balance sheets follow.

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