OnDecember 31, 2008,IBMcorporation had 4,688 millionshares of common stock authorized.There were 2,097 million sharesissued, and 758 million shares heldas treasury 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: On December 31, 2008, IBM 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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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
Please provide assistance and explanation for scenario provided in the attached image.
On December 31, 2022, Voice Company had 500,000 ordinary shares issued and outstanding, 400,000 of which had been issued and outstanding throughout the year and 100,000 of which were issued on October 1, 2022. The net income for the year was P5,100,000. What amount should be reported as basic earnings per share? 10.10 12.75 12.00 11.35
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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.