Question - The equity sections from Atticus Group's 2013 and 2014 year-end balance sheets follow. Stockholders' Equity (December 31, 2013) Common stock-$4 par value, 100,000 shares
authorized, 40,000 shares issued and outstanding$160,000 Paid-in capital in excess of par value, common stock 120,000 Retained earnings 320,000 Total stockholders' equity$600,000 Stockholders' Equity (December 31, 2014) Common stock-$4 par value, 100,000 shares
authorized, 47,400 shares issued, 3,000 shares in treasury$ 189,600 Paid-in capital in excess of par value, common stock 179,200 Retained earnings ($30,000 restricted by treasury stock) 400,000 768,800 Less cost of treasury stock (30,000) Total stockholders' equity$ 738,800
The following transactions and events affected its equity during year 2014. Jan.5 Declared a $0.50 per share cash dividend, date of record January 10.Mar.20 Purchased treasury stock for cash.Apr.5 Declared a $0.50 per share cash dividend, date of record April 10.July5 Declared a $0.50 per share cash dividend, date of record July 10.July31 Declared a 20% stock dividend when the stock's market value is $12 per share.Aug.14 Issued the stock dividend that was declared on July 31.Oct.5 Declared a $0.50 per share cash dividend, date of record October 10.
How do you figure out common shares?