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PLEASE ANSWER A B C D & E E8-48. Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity
PLEASE ANSWER A B C D & E
E8-48. Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the December 31, 2018, Caterpillar Inc. balance sheet. 2018 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... $ 5,827 (20,531) 30,427 (1,684) 41 $14,080 a. How many shares of Caterpillar common stock are outstanding at year-end 2018? b. What does the phrase at paid-in amount in the common stock account mean? c. At what average cost has Caterpillar repurchased its stock as of year-end 2018? d. Why would a company such as Caterpillar want to repurchase its common stock? e. What is meant by Profit employed in the business? The account balance was $26,301 million at the start of the year and the company reported net income of $6,147 million for the year. What amount did the company record as dividends in 2018Step by Step Solution
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