Listed here are the stockholders' equity sections of three public companies for years ending in 2008 and
Question:
Listed here are the stockholders' equity sections of three public companies for years ending in 2008 and 2007:
Required
Group Tasks
Based on the company assigned to your group, answer the following questions.
a. What is the per share par or stated value of the common stock in 2008?
b. What was the average issue price of the common stock for each year?
c. How many shares of stock are outstanding at the end of each year?
d. What is the average cost per share of the treasury stock for 2008?
e. Do the data suggest that your company was profitable in 2008?
f. Can you determine the amount of net income from the information given? What is missing?
g. What is the total stockholders' equity of your company for eachyear?
2008 2007 Wendy's (in thousands) (merger with Trare in 2008 Stockholders equity Common stock, ?? stated value per share, authorized: 500,000:470,424 in 2008 and 93,576 in 2007 shares issued, respectively Capital in excess of stated value Retained earnings Acc. other comp. income tloss Treasury stock, at cost 1,220 in 2008 and 841 in 2007 47042 9,357 2,752,987 291,122 (357,541) 167,267 (43,253) 12,098) 15,944 (16,774) Coca-Cola fin millions) Stockholders equity Common stock, ?? par value per share, authorized: 5,600, issued: 3,519 shares in 2008 and 3,519 sharas in 2007 Capital surplus Reinvested earnings Acc. other comp. inc.tloss) Treasury stock, at cost(1,207 shares in 2008, 1,201 shares in 2007) 7,378 38,513 36,235 626) 24,213 (23,375) 1,966 2,674 Harley-Davidson (dollar amounts are presented in thousands) Stockholders' equity Common stock, ? parvalue per share, authorized: 800,000,000, issued 3,357 335,653,577 in 2008 and 335,211,201 shares in 2007 Additional paid-in capital Retained earnings Acc. other comp. inc. (loss) Treasury stock, at cost: 102,889,370 for 2008 and 96,725,399 for 2007 846,796 812,224 6,458,778 6,117,567 (522,526) (137,258 4,670,802) 4,420,394)
Step by Step Answer:
a Wendys stated value per share 47042 470424 10 per share CocaCola par value per share 880 3519 25 per share Harley Davidsons par value per share 3357...View the full answer
Survey of Accounting
ISBN: 978-0078110856
3rd Edition
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
Related Video
Stocks (also known as equities) are securities that represent ownership in a company. They are issued by companies to raise capital, and when an individual buys stocks, they become a shareholder in that company. Investing in stocks can be a way for individuals to potentially earn a return on their investment through dividends and capital appreciation. However, investing in stocks also carries a level of risk, as the value of the stock can fluctuate based on various factors such as the financial performance of the company and general market conditions. For companies, issuing stocks can be a way to raise funds for growth and expansion. When a company goes public by issuing an initial public offering (IPO), it can raise significant capital by selling ownership stakes to the public. Companies can also issue additional stock offerings to raise additional capital as needed.
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