Following is the stockholders' equity section from Altria Group, Inc.'s 2012 balance sheet.

a. Show the computation to derive the \(\$ 935\) million for common stock.

b. At what average price has Altria issued its common stock?

c. How many shares of Altria common stock are outstanding as of December 31, 2012?

d. At what average cost has Altria repurchased its treasury stock as of December 31, 2012?
\(e\). Why would a company such as Altria want to repurchase \(\$ 25,731\) million of its common stock?
\(f\). What does the Noncontrolling interests account of \(\$ 2\) million represent?

Transcribed Image Text:

December 31 ($ million) Common stock, par value $0.33 /3per share (2,805,961,317 shares issued).. Additional paid-in capital. Earnings reinvested in the business... Accumulated other comprehensive losses.. Cost of repurchased stock (796,221,021 shares).. Total stockholders' equity attributable to Altria Group, Inc. Noncontrolling interests.... Total stockholders' equity.... 2012 $ 935 5,688 24,316 (2,040) (25,731) 3,168 2 $ 3,170