Shareholders' Equity (millions, except per share amounts) July 31, 2016 August 2, 2015 Preferred stock: authorized 40 shares; non issued $ -- $ -- Capital stock, $.0375 par value; authorized 560 shares; issued 323 shares 12 12 Additional paid-in capital 354 339 Earnings retained in the business 1,927 1,754 Capital stock in treasury, at cost (664) (556) Accumulated other comprehensive loss (104) (168) Total Campbell Soup Company shareowners’ equity 1,525 1,381 Noncontrolling interests 8 (4) Total equity $1,533 $1,377 Campbell Soup Company also reports the following statement of stockholders' equity. Campbell Soup Company (Millions, except per share amounts) AdditionalPaid-in Capital EarningsRetained inthe Business AccumulatedOtherComprehensiveIncome (Loss) NoncontrollingInterests TotalEquity Issued In Treasury Shares Amount Shares Amount Balance at August 2, 2015 323 $12 (13) $(556) $339 $1,754 $(168) $(4) $1,377 Contribution from noncontrolling interests - Noncontrolling Interests Other Activity 9 9 Net earnings (loss) 563 563 Other comprehensive income (loss) 64 3 67 Dividends ($1.248 per share) (390) (390) Treasury stock purchased (3) (143) (143) Treasury stock issued under managementincentive and stock option plans 1 35 15 50 Balance at July 31, 2016 323 $12 (15) $(664) $354 $1,927 $(104) $8 $1,533 (b) At what average price were the Campbell Soup shares issued?___ Please show how you calculate the average price (c) (Enter any deductions as negative numbers) ($ millions) Retained earnings, August 2, 2015 Answer _ Net earnings Answer _ Dividends Answer _ Miscellaneous Answer Retained earnings, July 31, 2016 Answer _ Please show how the answers are calculated

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Shareholders' Equity (millions, except per share amounts)	July 31, 2016	August 2, 2015
Preferred stock: authorized 40 shares; non issued	$ --	$ --
Capital stock, $.0375 par value; authorized 560 shares;
issued 323 shares	12	12
Additional paid-in capital	354	339
Earnings retained in the business	1,927	1,754
Capital stock in treasury, at cost	(664)	(556)
Accumulated other comprehensive loss	(104)	(168)
Total Campbell Soup Company shareowners’ equity	1,525	1,381
Noncontrolling interests	8	(4)
Total equity	$1,533	$1,377

Campbell Soup Company also reports the following statement of stockholders' equity.

Campbell Soup Company
(Millions, except per share amounts)		Additional Paid-in Capital	Earnings Retained in the Business	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests	Total Equity
Issued	In Treasury
Shares	Amount	Shares	Amount
Balance at August 2, 2015	323	$12	(13)	$(556)	$339	$1,754	$(168)	$(4)	$1,377
Contribution from noncontrolling interests									-
Noncontrolling Interests Other Activity								9	9
Net earnings (loss)						563			563
Other comprehensive income (loss)							64	3	67
Dividends ($1.248 per share)						(390)			(390)
Treasury stock purchased			(3)	(143)					(143)
Treasury stock issued under managementincentive and stock option plans			1	35	15				50
Balance at July 31, 2016	323	$12	(15)	$(664)	$354	$1,927	$(104)	$8	$1,533

(b) At what average price were the Campbell Soup shares issued?_______

Please show how you calculate the average price

(c)

(Enter any deductions as negative numbers)

($ millions)
Retained earnings, August 2, 2015	Answer _______
Net earnings	Answer _______
Dividends	Answer _______
Miscellaneous	Answer ________
Retained earnings, July 31, 2016	Answer _______

Please show how the answers are calculated

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