I need help finding the treasury stock The 2011 annual report for Philip Morris

Question

I need help finding the treasury stock

The 2011 annual report for Philip Morris Companies Inc., disclosed that 4 billion shares of common stock have been authorized. At the end of 2010, a total of 2,819,261,317 shares had been issued and the number of shares in treasury stock was 379,974,028. During the current year, no additional shares were issued, but additional shares were purchased for treasury stock and shares were sold from treasury stock. The net change was an increase of 5,127,286 shares of treasury stock. Determine the number of shares outstanding at the end of the current year. (Amounts to be deducted should be indicated by a minus sign.)

Explanation / Answer

Computation of shares outstanding:

Issued shares 2,819,261,317 Treasury stock 385,101,314 Shares outstanding 2,434,160,003

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.