Homework Answers
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a. Computation of $1788 million in Common Stock Account for 2017 No. of Common Stock Issued (a) 3,577,103,522 $/Common Stock (b) 0.5 Total Value of of Common Stock issued (aXb) $1,788,551,761 In $ Millon) $1,789 b. Average issue price of Share=(Capital Stock+Addition Paid in Capital)/No. of Share issued =($1788+39902 )/3577.10=$11.65 c. Average cost of Treasury Stock =Cost of Treasury Stock / No. of treasury Share issued =$43794/880.49=$49.74 d. Computation of Common Share outstanding as on 31.12.2015 Issued Common stock 3,577,103,522 Less: Treasry Stock -880,491,914 O/s Common Stock 2,696,611,608
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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 The following is the stockholders'...
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Analyzing and Computing Average Issue Price and Treasury Stock Cost Following is the stockholders' equity section...
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Analyzing and Computing Average Issue Price and Treasury Stock Cost Assume this is the stockholders' equity section from the Campbell Soup Company balance sheet.
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P12-38A Journalizing dividends and treasury stock transactions and preparing the stockholders' equity section of the balance...
P12-38A Journalizing dividends and treasury stock transactions and preparing the stockholders' equity section of the balance sheet Winterborn Manufacturing Co. completed the following transactions during 2016: Jan. 16 Feb. 15 Jun. 10 Jul. 30 Declared a cash dividend on the 4%, $100 par noncumulative preferred stock (950 shares outstanding). Declared a $0.40 per share dividend on the 95,000 shares of $4 par value common stock outstanding. The date of record is January 31, and the payment date is February 15....
For a recent 2-year period, the balance sheet of Buffalo Company showed the following stockholders equity...
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Problem 8-25 Analyzing the stockholders' equity section of the balance sheet The stockholders' equity section of...
Problem 8-25 Analyzing the stockholders' equity section of the balance sheet The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2016, is as follows. Stockholders Equity Paid-in capital 200,000 Preferred stock, ? par value, 6% cumulative, 100,000 shares authorized 10,000 shares issued and outstanding Common stock, $10 stated value, 200,000 shares authorized, 100,000 shares issued and ?? shares outstanding 1,000,000 Paid-in capital in excess of par- Preferred 25,000 Paid-in capital in 50o,000 excess of...
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Identifying and Analyzing Financial Statement Effects of Stock Transactions The stockholders' equity section of Medi na Company at December 31, 2016, follows. .... $210,000 8% preferred stock, $25 par value, 50,000 shares authorized; 8,400 shares issued and outstanding........ Common stock, $10 par value, 200,000 shares authorized; 50,000 shares issued and outstanding........ Paid-in capital in excess of par value-preferred stock. ......... Paid-in capital in excess of par value-common stock. .......... Retained earnings ... 500,000 85,000 300,000 370,000 During 2017, the following...
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Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6,...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc, had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
Exercise 19-19 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options; co...
Exercise 19-19 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options; convertible bonds [LO19-5,19-6, 19-7, 19-8, 19-9] On December 31, 2017, Berclair Inc. had 480 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were...
P12-38A Journalizing dividends and treasury stock transactions and preparing the stockholders' equity section of the balance sheet Winterborn Manufacturing Co. completed the following transactions during 2016: Jan. 16 Feb. 15 Jun. 10 Jul. 30 Declared a cash dividend on the 4%, $100 par noncumulative preferred stock (950 shares outstanding). Declared a $0.40 per share dividend on the 95,000 shares of $4 par value common stock outstanding. The date of record is January 31, and the payment date is February 15....
For a recent 2-year period, the balance sheet of Buffalo Company showed the following stockholders equity data at December 31 (in millions). 2017 2016 Additional paid-in capital Common stock Retained earnings Treasury stock $ 960 651 7,200 1,540 57,271 836 642 5,230 896 55,812 Total stockholders equity Common stock shares issued Common stock shares authorized Treasuryv stock shares 217 500 35 214 500 28 (a) Answer the following questions. (1) What is the par value of the common stock? (Round...
Problem 8-25 Analyzing the stockholders' equity section of the balance sheet The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2016, is as follows. Stockholders Equity Paid-in capital 200,000 Preferred stock, ? par value, 6% cumulative, 100,000 shares authorized 10,000 shares issued and outstanding Common stock, $10 stated value, 200,000 shares authorized, 100,000 shares issued and ?? shares outstanding 1,000,000 Paid-in capital in excess of par- Preferred 25,000 Paid-in capital in 50o,000 excess of...
Identifying and Analyzing Financial Statement Effects of Stock Transactions The stockholders' equity section of Medi na Company at December 31, 2016, follows. .... $210,000 8% preferred stock, $25 par value, 50,000 shares authorized; 8,400 shares issued and outstanding........ Common stock, $10 par value, 200,000 shares authorized; 50,000 shares issued and outstanding........ Paid-in capital in excess of par value-preferred stock. ......... Paid-in capital in excess of par value-common stock. .......... Retained earnings ... 500,000 85,000 300,000 370,000 During 2017, the following...
Following is the stockholders' equity section from the The Walt Disney Company balance sheet. Stockholders' Equity ($ millions) Sep. 29, 2018 Sep. 30, 2017 Preferred stock $0 $0 Common stock, $0.01 par value, Authorized -4,600 shares, Issued -2,900 shares 36,779 36,248 Retained earnings 82,679 72,606 Accumulated other comprehensive loss (3,097) (3,528) Stockholders' Equity subtotal before Treasury Stock, Total 116,361 105,326 Treasury stock, at cost, 1,400 shares (67,588) (64,011) Total Disney Shareholders' equity 48,773 41,315 Noncontrolling interests 4,059 3,689 Total equity...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc, had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
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