Following is the stockholders' equity section of the 2007 Caterpillar. Inc., balance sheet. a. How many shares

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Following is the stockholders' equity section of the 2007 Caterpillar. Inc., balance sheet.

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a. How many shares of Caterpillar common stock are outstanding at year-end 2007?

b. What does the phrase "at paid-in amount" in the stockholders' equity section mean?

c. At what average cost has Caterpillar repurchased its stock as of year-end 2007?

d. Why would a company such as Caterpillar want to repurchase its common stock?

e. Explain how CAT's "issued shares" remains constant over the three-year period while the dollar amount of its common stock account increases.

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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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