Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Information for question no. 7 Following is the stockholders equity section of the 2011 Kellogg Corporation balance sheet (in millions 2011 2010 Common stock, 50.25

image text in transcribed
image text in transcribed
Information for question no. 7 Following is the stockholders equity section of the 2011 Kellogg Corporation balance sheet (in millions 2011 2010 Common stock, 50.25 par value 1,000,000,000 shares authonzed, issued: 419,484,087 shares in 2011 and 419.272,027 shares in 2010 $ 105 5 105 Capital in excess of par value 522 495 Retained earnings 6,721 6,122 Treasury stock at cost 62,182,500 shares in 2011 and 53,667,635 shares in 2010 (3,130) (2,650) Accumulated other comprehensive (loss) (2.456) (1.914) Total Kellogg Company equity 1,760 2,158 Noncontrolling interests 2 (4) Total equity $1,762 $2,154 a. How many common shares are issued at year-end 20117 b. At what average price was the common stock issued at year-end 20117 C. How many common shares are outstanding at year-end 20117 d. How many shares of treasury stock (net) did Kellogg acquire during 20117 e. At what average price did Kellogg acquire treasury stock during 2011 f. In general, what is accumulated other comprehensive income? List three items that affect this account g. What is noncontrolling interest? How is non-controlling interest reported in the financial statements

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Factory Accounts

Authors: John Whitmore

1st Edition

0367494825, 9780367494827

More Books

Students also viewed these Accounting questions