Required: 1. Give all the journal entries needed in 2019 to record the changes in equity listed.
Changes in Equity Homework Problem Equity Common stock with $.01 par value 80 (9,000 million shares authorized, 8,019 million shares issued) Additional paid in capital 15,557 Earnings reinvested 421,341 Accumulated other comprehensive income (19,493) Common stock held in treasury (3,785 million shares in 2019) (225,835) ExxonMobil share of equity 191,650 Above is the
The following happened in 2020 (everything in millions):
Net income of $19,710
Total other comprehensive income for 2020 is $3,910.
Stock was repurchased in the open market on February 1 and September 1.
Both times EX spent exactly 7,000.
The share price on Feb 1 was $154 and on Sep 1 was $168.
Stock options granted in 2013 (already earned) were exercised on July 1 to purchase 400 million shares at $125 each.
The stock released from the treasury to cover these shares was originally purchased by EX for $105 per share.
A stock split that is accounted for as a 100% stock dividend was issued on December 1, 2020 when the market price of the shares was $185.
Dividends were declared and paid on December 31, 2020 at a rate of $3.40 per share.
Required: 1. Give all the
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