Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The image below is from Merck's 10K of 2020. Merck issued 1,300,000 shares of its common stock for $73 per share. How much the company

The image below is from Merck's 10K of 2020.

image text in transcribed

Merck issued 1,300,000 shares of its common stock for $73 per share. How much the company will credit in the Additional Paid-in Capital account?

Merck & Co., Inc. Stockholders' Equity Common stock, $0.50 par value Authorized - 6,500,000,000 shares Issued - 3,577,103,522 shares in 2020 and 2019 Other paid-in capital Retained earnings Accumulated other comprehensive loss 1,788 39,588 47,362 (6,634) 82,104 Less treasury stock, at cost: 1,046,877,695 shares in 2020 and 1,038,087,496 shares in 2019 Total Merck & Co., Inc. stockholders' equity Noncontrolling Interests Total equity 56,787 25,317 87 25,404 91,588 $ $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Susan Hamlen

5th Edition

1618534246, 9781618534248

More Books

Students also viewed these Accounting questions

Question

What would you do?

Answered: 1 week ago