Question 1 Not complete Marted out of 5.00 P Raquestion 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 2008 July 29, 2007 Preferred stock: authorized res non issued 1 S- Capital stock, 50.0375 par valued authorized 560 shares sued 542 shares 20 20 Additional prin capital 337 331 Earnings retained in the business 7072 Capital stock in treasury, 186 shares in 2008 and 1 shares in 2007.com 06.5121 2015 Accumulated other comprehensive loss (1360 Total shareholders equity 31.27 51285 Assume Campbell Soup Company also reports the following statement of stockholders equity, Capital Stock Accumulated Earning Other Total Issued In Treasury Additional Retained in comprehensive share-owners Shares Amount Shares Amount Paid in Capital the Business Income flows Equity 542 52016) 56015 17072 114 (Millions, except per share amounts) Balance at July 29, 2007 Net earning Other comprehensive income fossi impact on adoption of RN 18 Note 10) Dividends (50.88 per share Treasury stock purchased Treasury stock issued under managementincentive and stock optionsplan Balance at August 2008 3 06 OS 100 520 150 $63121 1 52 3113 175 hest describes the manner in which this number is computed n) Campbell Soup Company reports sio million in its common Mock account. Which of the following statements best describes the manner in what the number is comie? The computation is the number of sharested by the value of the stock The computation este number of outstanding shares multiplied by the marketince of the stock The computation uses the hamber of stud share moted by the market value of the stock The computation set the number of outstanding shares moltiplied by the par value of the stock ch) At what werage price were the Campbell Soup hures set ound your answer to the decimal places 5 to Become the beginning and endiry balances of retained earning Erster av deductions relive numbers i milane) 2.2009 D Festa 2000 d Cambell Supports an increase in stockholders guy into the exercise of stock options med Treasury Stocksued under management incentive and stock options. The activo of the following statements best describes the nature of the transaction? The event of employee stock options resulted in the sunce of milion shares of stock for a total of 112 million that was recorded as one thus increasing detained The exercise of employee stock option resulted in the issuance of million shares of stock for a total of 5112 million that was recome as a reduction of tryStock and an increase in The exercise of employee stocks in the of 3 million shares of stock for a total of 112 million that was records an increase in the common stock and in the action The exercise of employee stock option resulted in the sunce of 3 million shares of stock for a total of 11 milion that was recen the common stock account only te Which of the following statements best describes the transaction relating to the treasury stock purchased in the statement of the equity Campbell Super 20 million thares of common stock for a total of 50 min Thittamattinad no efect on the components of Stockholders Equity Campbell Soup repurchased 26 million shares of common stock for a total of the effect of the replaces of into recognition on the past three and Ocampbell Sou repurchased 26 shares of common tort 903 to the led of the reader stock is to reduce and stochastity Campbell Soup repurchased 26 million shares of common to $903 on the effect of the traction to the guit Chatdan di Campbell Soup reports an increase in stockholders equity rating to the roof stock onto tied Treasury stocked under management de la histransaction of the following statements best describes the nature of this transaction ome exerse of employee stock options resulted in theksuance of million shares of stock for a total of 12 milion that was to ganon letseng eines Large The exercise of employee stock options resulted in the issuance of a million shares of stock for a total of 5513 million that was ecoged as a reduction et de and an increase in additional Otheeverse of employee stock options resulted in the issuance of million shares of stock for a total of 31:32 million that was recorded as an increase in the Common Stick art in the Additional Other of employee stock options resulted in the issuance of 3 million shares of stock for a total of 112 million that was recognized as an increase in the common stock action or Which of the following statements best describes the transaction relating to the Treasury stock purchasedbe in the statement of stockholder uity! Campbell Soup repurchased 26 million shares of common stock for a total of $903 million. This transaction had no effect on the components of Stockholders Equity Ocampbell Soup repurchased 26 million shares of common stock for a total of 5903 million. The effect of the repurchase of stock to contents on the repurchase the sand OCampbell Soup repurchased 26 million shares of common stock for a total of 5903 million. The effect of the repurchase of stock is to reduce and Stockholders Buty Campbell Soup repurchased 26 million shares of common stock for a total of 5903 million. The effect of this transaction is to increase Stockholders gut in Campbell Soups stock price was 535 85 on August 1.2008 (the dosest trading day to fiscal year end) Determine the company's market caption that day Enter answers in mont. Round answer to the nearest million milion Calculate and interpret the company's market to book ratio at August 2008 Round answer to two decimal places check Save Answers Question 1 Not complete Marked out of 5,00 P Flag question 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, 50.0375 par value; authorized 560 shares, issued 542 shares 20 20 Additional paid in capital 337 331 Earnings retained in the business 7,866 7,072 Capital stock in treasury, 186 shares in 2008 and 163 shares in 2007, at cost (6,8123 (6,015) Accumulated other comprehensive loss (136) (123) Total shareholders' equity $1,275 51.285 Assume Campbell Soup Company also reports the following statement of stockholders' equity Capital Stock Earnings Issued In Treasury Additional Retained in Co (Millions, except per share amounts) Shares Amount Shares Amount Paid-in Capital the Business In Balance at july 29, 2007 542 $20 (163) S(6,015) $ 331 57,072 Net earning 1.145 Other comprehensive income (loss) Impact on adoption of FIN 48 Note 10) (14) Dividends (50.88 per share) (337) Treasury stock purchased (26) (903) Treasury stock issued under managementincentive and stock options plan 3 106 6 Balance at August 3, 2008 542 $20 (186) 5(6,8121) 5337 57.866 ta) Campbell Soup Company reports $20 million in its Common Stock account. Which of the following statements best describ The computation uses the number of issued shares multiplied by the par value of the stock, The computation uses the number of outstanding shares multiplied by the market price of the stock. The computation uses the number of issued shares multiplied by the market value of the stock. The computation uses the number of outstanding shares multiplied by the par value of the stock. (b) At what average price were the Campbell Soup shares issued? (Round your answer to two decimal places.) $0 542 520 Balance at August 2008 (a) Campbell Soup Company reports $20 million in its Common Stock account. Which of the following sta The computation uses the number of issued shares multiplied by the par value of the stock OThe computation uses the number of outstanding shares multiplied by the market price of the stock, O'The computation uses the number of issued shares multiplied by the market value of the stock. The computation uses the number of outstanding shares multiplied by the par value of the stock (b) At what average price were the Campbell Soup shares issued? (Round your answer to two decimal pla 50 (c) Reconcile the beginning and ending balances of retained earnings (Enter any deductions as negative numbers.) (5 millions) Renned earnings, July 29, 2007 Netcaming 0 Dividends Miscellaneous Petained earrings, August 2008 5 5 0 0 (d) Campbell Soup reports an increase in stockholders' equity relating to the exercise of stock options (LI of the following statements best describes the nature of this transaction? The exercise of employee stock options resulted in the issuance of 3 million shares of stock for a total The exercise of employee stock options resulted in the issuance of 3 million shares of stock for a total The exercise of employee stock options resulted in the issuance of 3 million shares of stock for a total The exercise of employee stock options resulted in the issuance of 3 million shares of stock for a total (e) Which of the following statements best describes the transaction relating to the Treasury stock purc Campbell Soup repurchased 26 million shares of common stock for a total of 5903 million This trans Ocampbell Soup repurchased 26 million shares of common stock for a total of 5903 million. The effect Campbell Soup repurchased 26 million shares of common stock for a total of 5903 million. The effect campbell Sourpurchased 26 million shares of common stock fototal of 5903 million The effect Type here to search O Hi (d) Campbell Soup reports an increase in stockholders' equity relating to the exercise of stock options (titled of the following statements best describes the nature of this transaction? The exercise of employee stock options resulted in the issuance of 3 million shares of stock for a total of O The exercise of employee stock options resulted in the issuance of 3 million shares of stock for a total of The exercise of employee stock options resulted in the issuance of 3 million shares of stock for a total of The exercise of employee stock options resulted in the issuance of 3 million shares of stock for a total of $ (e) Which of the following statements best describes the transaction relating to the "Treasury stock purchase Ocampbell Soup repurchased 26 million shares of common stock for a total of $903 million. This transaction O Campbell Soup repurchased 26 million shares of common stock for a total of $903 million. The effect of th Ocampbell Soup repurchased 26 million shares of common stock for a total of $903 million. The effect of th OCampbell Soup repurchased 26 million shares of common stock for a total of $903 million. The effect of thi in Campbell Soup's stock price was $35.85 on August 1, 2008 (the closest trading day to fiscal year-end). Dete Enter answers in millions. Round answer to the nearest million. 50 million (g) Calculate and interpret the company's market-to-book ratio at August 1, 2008. Round answer to two decimal places Check Save Answers