QUESTION 3 Tries remaining Points our orf 20.00 Flag quesation Analyzing and Com
ID: 2546386 • Letter: Q
Question
QUESTION 3 Tries remaining Points our orf 20.00 Flag quesation Analyzing and Computing Issue Price. Treasury Stock Cost. and Shares Outstanding Following is the stockholders' equity section of the Merck & Co., Inc.. balance sheet. Merck & Co., Inc. Stockholders' Equity ($ millions) Common stock, $0.50 par value Authorized- 6,500,000,000 shares Issued-3,577,103,522 shares in 2014 and 2013 Other paid-in capital Retained earnings Accumulated other comprehensive loss Dec. 31, 2014 Dec. 31, 2013 $1,788 40,423 46,021 (4323) 83,909 $1,788 40,508 39,257 (2,197) 79,356 Less treasury stock, at cost: 738,963,326 shares in 2014 and 649,576,808 shares in 2013 Total Merck & Co., Inc. stockholders equity 35,262 29,591 548,647 a. Explain the derivation of the $1.788 million in the common stock account. Complete the calcu of total amount of shares Enter share amounts in millions ($3,000,000 $3)Explanation / Answer
b-
amount of common stock-par value
1788
other paid in capital
40423
total amount paid by shareholders
42211
Million
amount of common stock-par value
42211*1000000
42211000000
number of common stock issued
3577103522
average issue price per share
42211000000/3577103522
11.80
c-
total value of treasury stock
1000000*35262
35262000000
average no of shares in treasury stock
(738963326+649576808)/2
694270067
average cost of treasury stock
35262000000/694270067
50.79
D-
no of common share outstanding
total no of common stock issued
3577103522
no of common stock outstanding
738963326
no of common share outstanding
2838140196
b-
amount of common stock-par value
1788
other paid in capital
40423
total amount paid by shareholders
42211
Million
amount of common stock-par value
42211*1000000
42211000000
number of common stock issued
3577103522
average issue price per share
42211000000/3577103522
11.80
c-
total value of treasury stock
1000000*35262
35262000000
average no of shares in treasury stock
(738963326+649576808)/2
694270067
average cost of treasury stock
35262000000/694270067
50.79
D-
no of common share outstanding
total no of common stock issued
3577103522
no of common stock outstanding
738963326
no of common share outstanding
2838140196
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.