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E11-1 Computing Shares Outstanding [LO 11-1 The 2013 annual report for Golden Grains disclosed that 1...
The 2016 annual report for General Mills disclosed that 1 billion shares of common stock have...
The 2016 annual report for General Mills disclosed that 1 billion shares of common stock have been authorized. At the end of 2015, 755 million shares had been issued and the number of shares in treasury stock was 156 million. During 2016, the only common share transactions were that 9 million common shares were reissued from treasury and 11 million common shares were purchased and held as treasury stock Required: Determine the number of common shares (a) issued, (b) in...
The 2016 annual report for Mega Mills disclosed that 1 billion shares of common stock have...
The 2016 annual report for Mega Mills disclosed that 1 billion shares of common stock have been authorized. At the end of 2015, 810 million shares had been issued and the number of shares in treasury stock was 111 million. During 2016, the only common share transactions were that 19 million common shares were reissued from treasury and 30 million common shares were purchased and held as treasury stock. Required: Determine the number of common shares (a) issued, (b) in...
In a recent annual report, Fourth Wall Inc. (formerly Greencube) disclosed that 61,700,000 shares of common...
In a recent annual report, Fourth Wall Inc. (formerly Greencube) disclosed that 61,700,000 shares of common stock have been authorized. At the beginning of the fiscal year, a total of 35,959,092 shares had been issued and the number of shares in treasury stock was 7,341,269. During the year, 567,265 additional shares were issued, and the number of treasury shares increased by 3,119,188. Determine the number of shares outstanding at the end of the year. (Amounts to be deducted should be...
Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity...
Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the Merck & Co., Inc., balance sheet. Merck & Co., Inc. Stockholders' Equity ($ millions) Dec. 31, 2017 Dec. 31, 2016 Common stock, $0.50 par value Authorized-6,500,000,000 shares Issued-3,577,103,522 shares in 2017 and 2016 $1,788 $1,788 Other paid-in capital 39,902 39,939 Retained earnings 41,350 Accumulated other comprehensive loss (5,226) 78,130 80,634 Less treasury stock, at cost: 880,491,914 shares in 2017 and 828,372,200...
E11-7 Finding Amounts Missing from the Stockholders Equity Section [LO 11-2, LO 11-4] The stockholders' equity...
E11-7 Finding Amounts Missing from the Stockholders Equity Section [LO 11-2, LO 11-4] The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts Contributed Capital Preferred Stock (par $20; authorized 10,000 shares, ? issued of which 1,000 shares are held as treasury stock) Additional Paid-in Capital, Preferred Common Stock (no-par, authorized 20,000 shares, issued and 110,000 15,950 outstanding 6,300 shares) Retained Earnings Treasury Stock, 1,000 Preferred shares at cost 648,900 33,000 9,650 Assume...
The following stock activities of Strait Corp. occurred during its first year ended December 31: January 1 Authorized 1 million shares of $1 par, common stock May 1 Issued 10,000 shared of common sock for $25/share Dec 1 Repurhcased 1000 shares of common
December 31: January 1 Authorized 1 million shares of $1 par, common stock May 1 Issued 10,000 shared of common sock for $25/share Dec 1 Repurhcased 1000 shares of common stock outstanding for $16/share Dec 15 Reissued 500 shares of treasury stock for $30/share Dec 30 Reissued 400 shares of treasury stock for $15/share
Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding The following is the stockholders'...
Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding The following is the stockholders' equity section from Chipotle Mexican Grill, Inc.'s balance sheet (in thousands, except per share data). December Shareholders' Equity 31, 2014 Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of $ - December 31, 2014 Common stock, $0.01 par value, 230,000 shares authorized, and 36,945 shares issued as of December 31, 2014 369 Additional paid-in capital 1,129,003 Treasury stock, at cost,...
Required information E11-4 (Algo) Reporting Stockholders' Equity LO11-1, 11-2, 11-3 [The following information applies to the...
Required information E11-4 (Algo) Reporting Stockholders' Equity LO11-1, 11-2, 11-3 [The following information applies to the questions displayed below.] The financial statements for Highland Corporation included the following selected information: Common stock Retained earnings Net income Shares issued Shares outstanding Dividends declared and paid $1,090,000 $ 790,000 $1,180,000 109,000 77,000 $ 620,000 The common stock was sold at a price of $21 per share. E11-4 Part 1 Required: 1. What is the amount of additional paid-in capital? Additional paid-in capital...
Review Assignment 11 value: 10.00 points The annual report for Sneer Corporation disclosed that the company...
Review Assignment 11 value: 10.00 points The annual report for Sneer Corporation disclosed that the company declared and paid preferred dividends in the amount of $160,000 in the current year. It also declared and paid dividends on common stock in the amount of $2.60 per share. During the current year, Sneer had 1 million common shares authorized; 360,000 shares had been issued; and 154,000 shares were in treasury stock. The opening balance in Retained Earnings was $860,000 and Net Income...
A recent annual report for Malestrom Inc., disclosed that the company declared and paid dividends on...
A recent annual report for Malestrom Inc., disclosed that the company declared and paid dividends on common stock in the amount of $2.10 per share. During the year, Malestrom had 1,020,000,000 authorized shares of common stock and 191,400,000 issued shares. There is no treasury stock. Required: Assume Malestrom declared the entire dividend ($2.10 per share) on February 20 and subsequently paid the dividend on March 1. Prepare a journal entry to record the declaration and payment of dividends. (If no...
The 2016 annual report for General Mills disclosed that 1 billion shares of common stock have been authorized. At the end of 2015, 755 million shares had been issued and the number of shares in treasury stock was 156 million. During 2016, the only common share transactions were that 9 million common shares were reissued from treasury and 11 million common shares were purchased and held as treasury stock Required: Determine the number of common shares (a) issued, (b) in...
The 2016 annual report for Mega Mills disclosed that 1 billion shares of common stock have been authorized. At the end of 2015, 810 million shares had been issued and the number of shares in treasury stock was 111 million. During 2016, the only common share transactions were that 19 million common shares were reissued from treasury and 30 million common shares were purchased and held as treasury stock. Required: Determine the number of common shares (a) issued, (b) in...
In a recent annual report, Fourth Wall Inc. (formerly Greencube) disclosed that 61,700,000 shares of common stock have been authorized. At the beginning of the fiscal year, a total of 35,959,092 shares had been issued and the number of shares in treasury stock was 7,341,269. During the year, 567,265 additional shares were issued, and the number of treasury shares increased by 3,119,188. Determine the number of shares outstanding at the end of the year. (Amounts to be deducted should be...
Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the Merck & Co., Inc., balance sheet. Merck & Co., Inc. Stockholders' Equity ($ millions) Dec. 31, 2017 Dec. 31, 2016 Common stock, $0.50 par value Authorized-6,500,000,000 shares Issued-3,577,103,522 shares in 2017 and 2016 $1,788 $1,788 Other paid-in capital 39,902 39,939 Retained earnings 41,350 Accumulated other comprehensive loss (5,226) 78,130 80,634 Less treasury stock, at cost: 880,491,914 shares in 2017 and 828,372,200...
E11-7 Finding Amounts Missing from the Stockholders Equity Section [LO 11-2, LO 11-4] The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts Contributed Capital Preferred Stock (par $20; authorized 10,000 shares, ? issued of which 1,000 shares are held as treasury stock) Additional Paid-in Capital, Preferred Common Stock (no-par, authorized 20,000 shares, issued and 110,000 15,950 outstanding 6,300 shares) Retained Earnings Treasury Stock, 1,000 Preferred shares at cost 648,900 33,000 9,650 Assume...
Required information E11-4 (Algo) Reporting Stockholders' Equity LO11-1, 11-2, 11-3 [The following information applies to the questions displayed below.] The financial statements for Highland Corporation included the following selected information: Common stock Retained earnings Net income Shares issued Shares outstanding Dividends declared and paid $1,090,000 $ 790,000 $1,180,000 109,000 77,000 $ 620,000 The common stock was sold at a price of $21 per share. E11-4 Part 1 Required: 1. What is the amount of additional paid-in capital? Additional paid-in capital...
Review Assignment 11 value: 10.00 points The annual report for Sneer Corporation disclosed that the company declared and paid preferred dividends in the amount of $160,000 in the current year. It also declared and paid dividends on common stock in the amount of $2.60 per share. During the current year, Sneer had 1 million common shares authorized; 360,000 shares had been issued; and 154,000 shares were in treasury stock. The opening balance in Retained Earnings was $860,000 and Net Income...
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