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Please show calculations! Analyzing and Computing Average Issue Price and Treasury Stock Cost Assume this is the stockholders' equity section from the Campbell Soup Company
Please show calculations!
Analyzing and Computing Average Issue Price and Treasury Stock Cost Assume this is the stockholders' equity section from the Campbell Soup Company balance sheet. Shareholders' Equity (millions, except per share amounts) August 3, 2008 July 29, 2007 Preferred stock: authorized 40 shares; non issued $- Capital stock. $0.0375 par value: authorized 560 shares; issued 542 shares 20 20 Additional paid-in capital 337 Earnings retained in the business 7,866 7,072 Capital stock in treasury, 186 shares in 2008 and 163 shares in 2007, at cost (6,812) (6,015) Accumulated other comprehensive loss (136) (123) Total shareholders' equity $ 1,275 $1,285 331 Assume Campbell Soup Company also reports the following statement of stockholders' equity. Capital Stock Accumulated Earnings Other Total Issued In Treasury Additional Retained in Comprehensive share-owners Shares Amount Shares Amount Paid-in Capital the Business Income (Loss) Equity 542 $20 (163) $ (6,015) $ 331 $7,072 $(123) $1,285 123) 1,145 1,145 112 112 11 (Millions, except per share amounts) Balance at July 29, 2007 Comprehensive income (loss) Net earnings Foreign currency translation adjustments, net of tax Cash-flow hedges, net of tax Pension and postretirement;benefits, net of tax Other comprehensive loss Total comprehensive income Impact on adoption of FIN 48 Note 10) Dividends ($0.88 per share) Treasury stock purchased Treasury stock issued under managementincentive and stock options plan Balance at August 3, 2008 (136) (13) (136) (13) 1,132 (14) (14) (337) (26) (903) 3 106 (186) $ (6,812) (337) (903) 112 $ 1,275 6 542 $20 $337 $7,866 $(136) (c) Reconcile the beginning and ending balances of retained earnings. (Enter any deductions as negative numbers.) ($ millions) Retained earnings, July 29, 2007 $ 7,072 Net earnings 1,145 Dividends (337) Miscellaneous Retained earnings, August 3, 2008 $ 7,880 X OXStep by Step Solution
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