None IBMOn December 31, 2008,corporation had 4,688 million sharesof common stock authorized. Therewere 2,097 million shares issued,and 758 million shares held astreasury stock. How many shareswere issued and outstanding? Howmany shares were unissued? Showyour complete solution.

Step 1: Introduction to the Issued SharesThe subset of approved shares that have been sold to and…

Answered: IBM On December 31, 2008, corporation…

Cornerstones of Financial Accounting

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ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

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On December 31, 2008, IBM corporation had 4,688 million shares of common stock authorized. There were 2,097 million shares issued, and 758 million shares held as treasury stock. How many shares were issued and outstanding? How many shares were unissued? Show your complete solution.
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At Microsoft, the board of directors declared a $0.70 per share cash dividend on its common stock. On the date of declaration, there were 81,000 shares authorized, 64,000 shares issued, and 8,000 shares held as treasury stock. What amount is recorded into the dividend account on the date of the dividend declaration? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 ASUS f4 f5 f6 f7 f8 f9 f10 & 4 5 7 8. 9. T Y U F G H V 因 96 %24
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Check my work The annual report for Mega Mills disclosed that 1 billion shares of common stock have been authorized. At the beginning of 2017, 785 million shares had been issued and the number of shares in treasury stock was 96 million. During 2017, the only common share transactions were that 19 million common shares were reissued from treasury and 25 million common shares were purchased and held as treasury stock. Required: Determine the number of common shares (a) issued, (b) in treasury, and (c) outstanding at the end of 2017. (Enter your answers in millions.) Number of Common Shares (in millions) |(a) Issued Stock |(b) Treasury Stock |(c) Shares Outstanding
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On January 1, 2016, Wade Corporation had 24,000 shares of common stock outstanding. On April 1, it reacquired 2,400 shares; on July 1, it issued 10,800 shares; on October 1, it issued another 9,600 shares; and on December 1, it reacquired 900 shares. What was the weighted average number of common shares outstanding for 2016?
The 2016 annual report for Mega Mills disclosed that 1 billion shares of common stock have been authorized. At the end of 2015, 795 million shares had been issued and the number of shares in treasury stock was 108 million. During 2016, the only common share transactions were that 16 million common shares were reissued from treasury and 27 million common shares were purchased and held as treasury stock. Required: Determine the number of common shares (a) issued, (b) in treasury, and (c) outstanding at the end of 2016. (Enter your answers in millions.) Number of Common Shares (in millions) (a) Issued Stock (b) Treasury Stock (c) Shares Outstanding
Splish Corporation had 318,000 shares of common stock outstanding on January 1, 2025. On May 1, Splish issued 32,700 shares. (a) Compute the weighted-average number of shares outstanding if the 32,700 shares were issued for cash. Weighted-average number of shares outstanding (b) Compute the weighted-average number of shares outstanding if the 32,700 shares were issued in a stock dividend. Weighted-average number of shares outstanding
The following is a summary of all relevant transactions of Swifty Corporation since it was organized in 2025. In 2025, 15,600 shares were authorized and 7,400 shares of common stock ($50 par value) were issued at a price of $57. In 2026,900 shares were issued as a stock dividend when the stock was selling for $59.310 shares of common stock were bought in 2027 at a cost of $63 per share. These 310 shares are still in the company treasury. In 2026, 9,800 preferred shares were authorized and the company issued 5,100 of them ($100 par value) at $121. Some of the preferred stock was reacquired by the company and later reissued for $4,810 more than it cost the company. The corporation has earned a total of $644,600 in net income after income taxes and paid out a total of $290,300 in cash dividends since incorporation. Prepare the stockholders' equity section of the balance sheet in proper form for Swifty Corporation as of December 31, 2027. Account for treasury stock using the cost method.…

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IBM On December 31, 2008, corporation had 4,688 million shares of common stock authorized. There were 2,097 million shares issued, and 758 million shares held as treasury stock. How many shares were issued and outstanding? How many shares were unissued? Show your complete solution.