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Problem 4 (20 points) An adapted balance sheet of Kellogg Company is shown below. Please answer the following questions, and show computations. All questions are
Problem 4 (20 points) An adapted balance sheet of Kellogg Company is shown below. Please answer the following questions, and show computations. All questions are independent of one another. Kellogg Company and Subsidiaries Consolidated Balance Sheet Current assets Cash and cash equivalents Accounts receivable.net Inventories Other current assets Total current assets Property, net Other assets Total assets $417,400 776,400 681,000 247,000 $2,121,800 2,715,100 5,953,500 $10,790,400 Current liabilities Current maturities of long-term debt $278,600 Notes payable 709,700 Accounts payable 767,200 Other current liabilities 1,090,500 Total current liabilities $2,846,000 Long-term debt 3,892,600 Other liabilities 1,794,000 Shareholders' equity Common stock, $77 par value, 1,000,000 shares authorized Issued: 415,451 shares, Outstanding: 413,022 shares 103,800 Capital in excess of par value 1,313,500 Retained earings 1,387,800 Treasury stock at cost: ?? shares (108,000) Accumulated other comprehensive loss (439,900) Total shareholders' equity $2,257,200 Total liabilities and shareholders' equity $10,790,400 How much cash was received from shareholders for common stock? Per share of common stock? How many shares of common stock are in treasury? What is the par value per share of common stock? If Kellogg repurchased 1,000 shares of its own common stock, at $6 per share, what would the journal entry be? Please show below. Debit Credit . If Kellogg does a 2 for 1 stock split: What is the number of shares outstanding? What is total stockholders' equity? If Kellogg does a 10% stock dividend when the stock has a $2 market value: How many shares of common stock will be issued with the dividend? What is total stockholders' equity
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