Analyzing and Computing Average Issue Price and Treasury Stock Transactions Telefnica, S.A. is a Spanish broadband and

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Analyzing and Computing Average Issue Price and Treasury Stock Transactions Telefónica, S.A. is a Spanish broadband and telecommunications provider with operations in Europe, Latin America, North America and Asia. The company’s statement of changes in equity reported the following.

In millions €
December 31, 2015 December 31, 2014 Share capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . €????4,975 ????????4,657 Share premium . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,227 460 Reserves. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (9,259) (5,052)
Treasury shares (141,639,159 and 128,227,971 shares) . . . . . . . (1,656) (1,586)
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,604 22,656 Total attributable to equity holders of parent . . . . . . . . . . . . . . . . 17,891 21,135 Noncontrolling interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,665 9,186 Total equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $27,556 $30,321 Required ????????????Consider the treasury shares at December 31, 2015. At what average price did the company repurchase these shares?
????????????Determine the number of treasury shares, net, the company acquired during 2015. At what average price did the company repurchase shares in 2015?
????????????Did the company issue any new shares during the year? If so, what issue proceeds did it receive?
d????????Does the company own 100% of the stock of all of its subsidiaries? How do you know?
????????????Retained earnings decreased during 2015. Can we conclude that the company reported a net loss for the year?

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Financial Statement Analysis And Valuation

ISBN: 9781618532336

5th Edition

Authors: Peter D. Easton, Mary Lea McAnally, Gregory A. Sommers

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