Question

The equity sections from atticus group's 2016 and 2017 year-end balance sheets follow how many common shares are outstanding on each cash dividend date?

Answer 1

Answer and Explanation:

The computation of the number of common shares outstanding on each cash dividend is shown below:

On Jan 5 = 40,000 shares

On Apr 5, it is

= Share issued - treasury stock shares

= 40,000 - 3,000

= 37,000 shares

On July 5, it is

= Share issued - treasury stock shares

= 40,000 - 3,000

= 37,000 shares

On Oct 5, it is

= Share issued - treasury stock shares

= 47,400 - 3,000

= 44,400 shares