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Analyzing and Computing Average Issue Price and Treasury Stock Cost

Analyzing and Computing Average Issue Price and Treasury Stock Cost

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Analyzing and Computing Average Issue Price and Treasury Stock Cost Following is the stockholders' equity section from the The Coca-Cola Company 2014 balance sheet. (All amounts in millions except par value.) December 31, 2014 The Coca-Cola Company Shareowners' Equity Common stock-$0.25 par value; authorized-11,644 shares; issued-7,276 shares Capital surplus Reinvested earnings Accumulated other comprehensive income (loss) Treasury stock, at cost-2,882 shares Equity attributable to shareowners of The Coca-Cola Company a. Compute the number of shares outstanding. 0 million $1,968 14,117 63,910 (6,221) (42,727) $31,047 b. At what average price were the Coca-Cola shares issued? Round answer to two decimal places. $ 0 c. At what average cost were the Coca-Cola treasury stock shares purchased? Round answer to two decimal places. $ 0 d. How should treasury stock be treated in calculating EPS? OThe numbe f treasury stock shares is subtracted from enomin in computing OThe number of treasury stock shares is added to the denominator in computing EPS. OThe treasury stock balance is subtracted from the numerator in computing EPS. OThe treasury stock balance is added to the numerator in computing EPS.
Transcribed Image Text:Analyzing and Computing Average Issue Price and Treasury Stock Cost Following is the stockholders' equity section from the The Coca-Cola Company 2014 balance sheet. (All amounts in millions except par value.) December 31, 2014 The Coca-Cola Company Shareowners' Equity Common stock-$0.25 par value; authorized-11,644 shares; issued-7,276 shares Capital surplus Reinvested earnings Accumulated other comprehensive income (loss) Treasury stock, at cost-2,882 shares Equity attributable to shareowners of The Coca-Cola Company a. Compute the number of shares outstanding. 0 million $1,968 14,117 63,910 (6,221) (42,727) $31,047 b. At what average price were the Coca-Cola shares issued? Round answer to two decimal places. $ 0 c. At what average cost were the Coca-Cola treasury stock shares purchased? Round answer to two decimal places. $ 0 d. How should treasury stock be treated in calculating EPS? OThe numbe f treasury stock shares is subtracted from enomin in computing OThe number of treasury stock shares is added to the denominator in computing EPS. OThe treasury stock balance is subtracted from the numerator in computing EPS. OThe treasury stock balance is added to the numerator in computing EPS.
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