How many shares were issued and outstanding? 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: Define Issued SharesThe subset of approved shares that have been sold to and held by…

Answered: On December 31, 2008, IBM 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

Need help
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
Hi, How do I calculate the number of common shares? Thank you
The following data is available for Crane Corporation at December 31, 2025: Common stock, par $10 (authorized 31500 shares) $283500 Treasury stock (at cost $15 per share) $1080 Based on the data, how many shares of common stock are issued? O 28278. O 31428. O 31500. O 28350.
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.
(a) Your answer is correct. Determine the weighted-average number of shares outstanding as of December 31, 2026. (b) The weighted-average number of shares outstanding eTextbook and Media X Your answer is incorrect. Earnings per share 1751425 Assume that Ivanhoe Corp. earned net income of $3,500,000 during 2026. In addition, it had 101,000 shares of 9%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2026. Compute earnings per share for 2026, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. 2.55.) 34.66 Attempts: 1 of 3 used
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
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.)
Facebook Inc. (now Meta Platforms Inc.) issued 421.2 million class A common shares for $38 per share, on average, in its IPO on 5/18/2012. The par value of the stock was $0.000006 per share. Assume Facebook kept exactly $16 billion of the proceeds from the issue, with the rest being spent on stock issue costs. Record Facebook's entry for the issue of the shares. NOTE: Round dollar amounts to the nearest thousands of dollars.
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
Skysong Service Corporation's December 31, 2025 balance sheet reported the following: 3% preferred stock, $240 par value Common stock, $1 par value Paid-in capital in excess of par-preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (b) The average cost of the treasury shares was $10 per share. Answer the following questions: (a) Your answer is correct How many shares of common stock have been issued as of December 31, 2025? 580000 shares of common stock have been issued as of December 31, 2025. eTextbook and Media anscribed Text Your answer is correct. $480,000 580,000 69,600 9,280,000 11.930,000 138,000 How many shares of common stock have been issued as of December 31, 2025? eTextbook and Media 580000 shares of common stock have been issued as of December 31, 2025 S The average issue price of the common shares was $ What was the average per share price at which the common stock was issued? eTextbook and Media Attempts: 1 of 6 used Attempts:…

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

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.