Following is the stockholders' equity and minority interest sections of the 2007 Merck & Co., Inc., balance

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Following is the stockholders' equity and minority interest sections of the 2007 Merck \& Co., Inc., balance sheet.

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a. Show the computation of the \(\$ 29.8\) million in the common stock account.

b. At what average price were the Merck common shares issued?

c. At what average cost was the Merck treasury stock purchased?

d. How many common shares are outstanding as of December 31, 2007?

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Financial Accounting For MBAs

ISBN: 9781934319345

4th Edition

Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally

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