Need help 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.

We are given the following information about IBM Corporation as of December 31, 2008:Authorized…

Answered: IBM On December 31, 2008, corporation…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 5MCQ

See similar textbooks

Similar questions

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.
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
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.…
The annual report for CornFlower Ranch disclosed that 1 billion shares of common stock have been authorized. At the beginning of 2017, 815 million shares had been issued and the number of shares in treasury stock was 112 million. During 2017, the only common share transactions were that 16 million common shares were reissued from treasury and 31 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.) (a) Issued Stock (b) Treasury Stock (c) Shares Outstanding Number of Common Shares (in millions)
The annual report for General Mills disclosed that 1 billion shares of common stock have been authorized. At the beginning of 2017, 755 million shares had been issued and the number of shares in treasury stock was 178 million. During 2017, the only common share transactions were that 11 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 2017. (Enter your answers in millions.) (a) Issued Stock (b) Treasury Stock (c) Shares Outstanding Number of Common Shares (in millions) 194
the question is in the picture attached. please answer asap! thank you
The 2016 annual report for Mega Mills disclosed that 1 billion shares of common stock have been authorized. At the end of 2015, 820 million shares had been issued and the number of shares in treasury stock was 113 million. During 2016, the only common share transactions were that 17 million common shares were reissued from treasury and 32 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.)
Blue Corporation had 306,000 shares of common stock outstanding on January 1, 2025. On May 1, Blue issued 33,000 shares. (a) Compute the weighted-average number of shares outstanding if the 33,000 shares were issued for cash. Weighted-average number of shares outstanding I (b) Compute the weighted-average number of shares outstanding if the 33,000 shares were issued in a stock dividend. Weighted-average number of shares outstanding
William Corp, had 600,000 ordinary shares outstanding on January 1, issued 900,000 shares on July 1, and had income applicable to common stock of $1,050,000 for the year ending December 31, 2012. Earnings per share of ordinary shares for 2012 would be Select one a. $117. b$1.75. C. $1.00. D. $0.83

SEE MORE QUESTIONS

Recommended textbooks for you

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

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.