Assume the following is the stockholders' equity section from Altria's 2016 balance sheet. December 31 ($ millions) 2016 $ 935 Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued).... Additional paid-in capital. Earnings reinvested in the business Accumulated other comprehensive losses (including currency translation of $1,317 in 2016). 6,061 54,666 Cost of repurchased stock (721,696,918 shares in 2016), Total stockholders' equity.. (1,853) (24.102) $35,707 At what average price has Altria issued its common stock? a. $ 2.49 b. $ 0.33 c. $12.73 d. $33.40
Assume the following is the stockholders' equity section from Altria's 2016 balance sheet. December 31 ($ millions) 2016 $ 935 Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued).... Additional paid-in capital. Earnings reinvested in the business Accumulated other comprehensive losses (including currency translation of $1,317 in 2016). 6,061 54,666 Cost of repurchased stock (721,696,918 shares in 2016), Total stockholders' equity.. (1,853) (24.102) $35,707 At what average price has Altria issued its common stock? a. $ 2.49 b. $ 0.33 c. $12.73 d. $33.40
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter11: Stockholders' Equity
Section: Chapter Questions
Problem 11.3AP
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![Assume the following is the stockholders' equity section from Altria's 2016 balance sheet.
December 31 ($ millions)
2016
$ 935
Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued)....
Additional paid-in capital.
Earnings reinvested in the business
Accumulated other comprehensive losses (including currency translation of
$1,317 in 2016).
6,061
54,666
Cost of repurchased stock (721,696,918 shares in 2016),
Total stockholders' equity..
(1,853)
(24.102)
$35,707
At what average price has Altria issued its common stock?
a. $ 2.49
b. $ 0.33
c. $12.73
d. $33.40](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4155c000-6b01-4de0-84ba-4c41411d25c6%2Fd2971f77-67d0-47b1-83bf-47a611616f3a%2Fll6zjcu.png&w=3840&q=75)
Transcribed Image Text:Assume the following is the stockholders' equity section from Altria's 2016 balance sheet.
December 31 ($ millions)
2016
$ 935
Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued)....
Additional paid-in capital.
Earnings reinvested in the business
Accumulated other comprehensive losses (including currency translation of
$1,317 in 2016).
6,061
54,666
Cost of repurchased stock (721,696,918 shares in 2016),
Total stockholders' equity..
(1,853)
(24.102)
$35,707
At what average price has Altria issued its common stock?
a. $ 2.49
b. $ 0.33
c. $12.73
d. $33.40
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