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Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the December 31, Pillar Inc. balance sheet.
Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the December 31, Pillar Inc. balance sheet. $5,827 Stockholders' Equity ($ millions) Common stock of $1.00 par; Authorized shares: 2,000,000,000; Issued 814,894,624 shares at paid-in amount Treasury stock 239,351,886 shares, at cost Profit employed in the business Accumulated other comprehensive income (loss) Noncontrolling interests Total stockholders' equity (20,531) 30,427 (1,684) 41 $14,080 a. How many shares of Pillar common stock are outstanding at year-end? 575,542,738 shares outstanding b. What does the phrase "at paid-in amount" in the common stock account mean? Common stock par value plus Additional paid-in capital-CS - c. At what average cost has Pillar repurchased its stock as of year-end? Note: Round your answers to two decimal places (for example, enter 67.49 for 67.48555). $ 0.41 X
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