I need help please . Following is the stockholders\' equity section of the 2016

Question

I need help please . Following is the stockholders' equity section of the 2016 Kellogg Company balance sheet. (S in millions, except par value): Common stock, $0.25 par value, 1,000,000,000 shares authorized, issued: 420,472,901 shares in 2016 and 420,315,589 shares in 2015 105 S 105 745 Capital in excess of par value 571 6.597 Treasury stock at cost, 69,403,567 shares in 2016 and 3.997 3.943 (1.575 (1.376 1910 2.128 16 10 $1.926 $2.138 70,291,514 shares in 2015 other otal Kello9g oncontrolling interests Total equty Required: a. How many common shares are issued at year end 2016? b. At what average price was the common stock issued as of 2016? e How many common shares are outstanding at year end 2016? d How many shares of treasury stock (net) did Kellogg acquire or retire or sell during 2016?

Explanation / Answer

A)Common share issued at 2016 :420,472,901 shares

B)Average price = [par value +paid in capital ] /shares issued

              = [105,000,000+806,000,000] /420,472,901

               = 21.67 per share

C)Common shares outstanding=issued -treasury stock

             = 420472901-69403567

              = 351,069,334 shares

D)Shares (acuired)/ retire during the 2016 = beginning treasury stock -ending treasury stock

            = 70291514-69403567

            = 887947 shares

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