Question 3 (of 4) Save&ExitSu; 2.50 points The 2013 annual report for Golden Gra

Question

Question 3 (of 4) Save&ExitSu; 2.50 points The 2013 annual report for Golden Grains disclosed that 1 billion authorized. At the end of 2012, 800 million shares had been issued and the number of shares in treasury shares of common stock have been 9has irm stock was 109 milion Douring 213, ony common shore ton shares stock were reissued from treasury an d 28 million common shares were purchased and held as treasury Required: Determine the number of common shares (a) issued, (b) in treasury, and (c) outstanding at the end of 2013. (Enter your answers in millions) Commorn Shares (i (a) Issued Stock (b) Treasury Stock (c) Shares Outstanding Hints References eBook& Resources Hint 1

Explanation / Answer

(a) Issued Stock = 755 million shares

(b) Treasury Stock = 109 - 17 + 28 = 120 million shares

(c) Shares outstanding = Issued - Treasury stock = 800 - 120 = 600 million shares

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

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