Co., Inc. and GlaxoSmithKline plo Shareholders' Equity Merost & Co, Ime is a global research-driven pharmaceutical company that disco markets a broad range of products to improve human and animal health. Head company employs 59,800 people worldwide, 11,700 of whom are engaged in rese shares are listed on the New York and Philadelphia Stock Exchanges. (Source: Cohcivities. The e that discovers, develops, manufacture The company' in the creation, discovery, development, mandfathre uartered in Noss ham anPlaelphia Stock Exchanges. (Source: Company 2007 F Form 10-K) Gilazo SmishkKTime ple is a global healthcare group engaged and marketing of pharmaceutical and consumer health-related prod operates research and development facilities in the UK, the USA, Belgium, Italy, Janan cu Headquartered in London th atries. The company's shares are listed on the London and New York Stock Excham ges. Source: Compary 2007 Annual Report Objectives Read and interpret shareholders' equity disclosures. Explain why companies pay dividends. Explain why companies repurchase their stock. Compare accounting treatment of shareholders' equity accounts under U.S. and International GAAP Refer to the financial statements and notes of Merck &Co., Inc. and GlaxoSmithKline plc. Co., Inc. and GlaxoSmithKline plo Shareholders' Equity Merost & Co, Ime is a global research-driven pharmaceutical company that disco markets a broad range of products to improve human and animal health. Head company employs 59,800 people worldwide, 11,700 of whom are engaged in rese shares are listed on the New York and Philadelphia Stock Exchanges. (Source: Cohcivities. The e that discovers, develops, manufacture The company' in the creation, discovery, development, mandfathre uartered in Noss ham anPlaelphia Stock Exchanges. (Source: Company 2007 F Form 10-K) Gilazo SmishkKTime ple is a global healthcare group engaged and marketing of pharmaceutical and consumer health-related prod operates research and development facilities in the UK, the USA, Belgium, Italy, Janan cu Headquartered in London th atries. The company's shares are listed on the London and New York Stock Excham ges. Source: Compary 2007 Annual Report Objectives Read and interpret shareholders' equity disclosures. Explain why companies pay dividends. Explain why companies repurchase their stock. Compare accounting treatment of shareholders' equity accounts under U.S. and International GAAP Refer to the financial statements and notes of Merck &Co., Inc. and GlaxoSmithKline plc