Book value of common stockholders' equity of FedEx, May 31, 2020 (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 Required: $ 38 3,094 23,719 (7,711) (366) $ 18,774 332 48 a. Suppose that FedEx now issues 7 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 7 million shares at $ share? Complete this question by entering your answers in the tabs below. Required A Required B Suppose that FedEx now issues 7 million shares at $130 a share. Update the table below with the new values. Note: 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

Book value of common stockholders' equity of FedEx, May 31, 2020 (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 Required: $ 38 3,094 23,719 (7,711) (366) $ 18,774 332 48 a. Suppose that FedEx now issues 7 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 7 million shares at $ share? Complete this question by entering your answers in the tabs below. Required A Required B Suppose that FedEx now issues 7 million shares at $130 a share. Update the table below with the new values. Note: 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

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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