Problem $14-7$ Equity Accounts $($LO$3)$

Book value of common stockholders' equity of FedEx, May $31,2020($figures in $ millions$)$

Additional paid$-in$ capital $3,098$

$23,723$

Retained earnings $23,723$

$,(7,771)$

Other $(370)$

Net common equity $$18,711$

Note:

Authorized shares $($millions$)$

Issued shares, of which:

Outstanding shares

Treasury shares

Required:

a$.$ Suppose that FedEx now issues $5$ million shares at $$150$ a share. Update the table below with the new values.

b$.$ What would happen to the book value of common stockholders' equity if instead FedEx bought back $5$ million shares at $$150$ per

share?

Complete this question by entering your answers in the tabs below.

Suppose that FedEx now issues $5$ million shares at $$150$ a share. Update the table below with the new values.

Note: Negative amounts should be indicated by a minus sign. Enter your answers in millions rounded to $1$ decimal place.