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Book value of common stockholders' equity of FedEx, February 28, 2018 (figures in $ millions) Common shares ($0.10 par value per share) Additional paid-in capital Retained earnings Treasury shares at cost Other Net common equity Note: Authorized shares (millions) Issued shares, of which: Outstanding shares Treasury shares $ 33 3,100 23,725 (7,801 (372 $ 18,685 750 330 287 43 ) Required: a. Suppose that FedEx now issues 2 million shares at $130 a share. Update the table below with the new values. b. What would happen to the book value of common stockholders' equity if instead FedEx bought back 2 million shares at $130 per share?

Book value of common stockholders' equity of FedEx, February 28, 2018 (figures in $ millions) Common shares ($0.10 par value per share) Additional paid-in capital Retained earnings Treasury shares at cost Other Net common equity Note: Authorized shares (millions) Issued shares, of which: Outstanding shares Treasury shares $ 33 3,100 23,725 (7,801 (372 $ 18,685 750 330 287 43 ) Required: a. Suppose that FedEx now issues 2 million shares at $130 a share. Update the table below with the new values. b. What would happen to the book value of common stockholders' equity if instead FedEx bought back 2 million shares at $130 per share?

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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Ef 264.

Required: a. Suppose that FedEx now issues 2 million shares at $130 a share. Update the table below with the new values. b. What would happen to the book value of common stockholders' equity if instead FedEx bought back 2 million shares at $130 per share? Complete this question by entering your answers in the tabs below. Required A Required B Suppose that FedEx now issues 2 million shares at $130 a share. Update the table below with the new values. (Negative amounts should be indicated by a minus sign. Enter your answers in millions rounded to 1 decimal place.) Common shares ($0.10 par value per share) Additional paid-in capital Retained earnings Treasury shares at cost Other Net common equity Book value of common stockholders' equity of FedEx, February 28, 2018 (figures in $ millions) Other Common shares ($0.10 par value per share) $ 33 Additional paid-in capital 3,100 Retained earnings 23,725 Treasury shares at cost (7,801 ) (372 ) Net common equity Note: Authorized shares (millions) Issued shares, of which: Outstanding shares Treasury shares $ 18,685 750 0.0 330 287 43 Required: a. Suppose that FedEx now issues 2 million shares at $130 a share. Update the table below with the new values. b. What would happen to the book value of common stockholders' equity if instead FedEx bought back 2 million shares at $130 per share?
Transcribed Image Text:Required: a. Suppose that FedEx now issues 2 million shares at $130 a share. Update the table below with the new values. b. What would happen to the book value of common stockholders' equity if instead FedEx bought back 2 million shares at $130 per share? Complete this question by entering your answers in the tabs below. Required A Required B Suppose that FedEx now issues 2 million shares at $130 a share. Update the table below with the new values. (Negative amounts should be indicated by a minus sign. Enter your answers in millions rounded to 1 decimal place.) Common shares ($0.10 par value per share) Additional paid-in capital Retained earnings Treasury shares at cost Other Net common equity Book value of common stockholders' equity of FedEx, February 28, 2018 (figures in $ millions) Other Common shares ($0.10 par value per share) $ 33 Additional paid-in capital 3,100 Retained earnings 23,725 Treasury shares at cost (7,801 ) (372 ) Net common equity Note: Authorized shares (millions) Issued shares, of which: Outstanding shares Treasury shares $ 18,685 750 0.0 330 287 43 Required: a. Suppose that FedEx now issues 2 million shares at $130 a share. Update the table below with the new values. b. What would happen to the book value of common stockholders' equity if instead FedEx bought back 2 million shares at $130 per share?
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