Question
A recent balance sheet for Kimberly-Clark Corporation indicates that the company has 1.2 billion shares of common stock authorized, of which approximately 378.6 million have
A recent balance sheet for Kimberly-Clark Corporation indicates that the company has 1.2 billion shares of common stock authorized, of which approximately 378.6 million have been issued. In addition, the company holds 27.5 million shares in treasury.
a. How many additional shares of common stock could Kimberly-Clark sell?
b. Do the unissued shares represent the assets of the company?
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Financial Accounting Version 3.0
Authors: Leah Kratz, Joe Ben Hoyle, C. J. Skender
3rd Edition
1453392904, 9781453392904
