Answered step by step
Verified Expert Solution
Question
1 Approved Answer
($ in thousands) Common stock (shares authorized: 2016 and 2015 - 22,000,000; shares issued: 2016 and 2015 - 17,459,961) Contributed capital Accumulated other comprehensive income
($ in thousands) Common stock (shares authorized: 2016 and 2015 - 22,000,000; shares issued: 2016 and 2015 - 17,459,961) Contributed capital Accumulated other comprehensive income Treasury stock, at cost (2016 -2,049,797 shares; 2015 - 1,915,884 shares) Retained earnings Total stockholders' equity attributable to Alleghany stockholders Total liabilities, redeemable noncontrolling interest and stockholders' equity 2016 2015 $17,460 $17,460 3,611,993 3,611,631 109,284 116,273 -812.840 -747.784 5,014,048 4,557,127 7,939,945 7,554,707 $23,756,591 $22,839,079 Common Stock $17,460 Contributed Capital $3,611,631 Accumulated Other Comprehensivelncome $116,273 Treasury Retained Stock Earnings ($ 747,784) $4,557,127 456,921 Stockholders Equity $7,554,707 456,921 (in thousands) Balance at December 31, 2015 Net earnings Other comprehensive loss, net: Retirement plans Change in unrealized appreciation of investments, net Change in unrealized currency translation adjustment, net Comprehensive income attributable to Alleghany stockholders Treasury stock purchase Other, net Balance at December 31, 2016 -112 346 -7,223 6,989 456,921 -68,320 3,264 ($812,840) $5,014.048 -112 346 -7,223 449,932 -68,320 3,620 $7,939,945 362 $3,611,993 $17,460 $ 109,284 Required: a. How many common shares are issued at year-end 2016? b. What is the par value of Alleghany's common stock? c. At what average price was the common stock issued as of 2016? d. How much treasury stock were purchased during the year 2016. e. How much was net income in 2016? How much was comprehensive income? ? ($ in thousands) Common stock (shares authorized: 2016 and 2015 - 22,000,000; shares issued: 2016 and 2015 - 17,459,961) Contributed capital Accumulated other comprehensive income Treasury stock, at cost (2016 -2,049,797 shares; 2015 - 1,915,884 shares) Retained earnings Total stockholders' equity attributable to Alleghany stockholders Total liabilities, redeemable noncontrolling interest and stockholders' equity 2016 2015 $17,460 $17,460 3,611,993 3,611,631 109,284 116,273 -812.840 -747.784 5,014,048 4,557,127 7,939,945 7,554,707 $23,756,591 $22,839,079 Common Stock $17,460 Contributed Capital $3,611,631 Accumulated Other Comprehensivelncome $116,273 Treasury Retained Stock Earnings ($ 747,784) $4,557,127 456,921 Stockholders Equity $7,554,707 456,921 (in thousands) Balance at December 31, 2015 Net earnings Other comprehensive loss, net: Retirement plans Change in unrealized appreciation of investments, net Change in unrealized currency translation adjustment, net Comprehensive income attributable to Alleghany stockholders Treasury stock purchase Other, net Balance at December 31, 2016 -112 346 -7,223 6,989 456,921 -68,320 3,264 ($812,840) $5,014.048 -112 346 -7,223 449,932 -68,320 3,620 $7,939,945 362 $3,611,993 $17,460 $ 109,284 Required: a. How many common shares are issued at year-end 2016? b. What is the par value of Alleghany's common stock? c. At what average price was the common stock issued as of 2016? d. How much treasury stock were purchased during the year 2016. e. How much was net income in 2016? How much was comprehensive income
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started