Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The questions are shown in the picture 1 Questions#1 Understanding Contributed and Earned Capital +illions) Following is the stockholders' equity section of the 2019 Kellogg

The questions are shown in the picture 1

image text in transcribed
Questions#1 Understanding Contributed and Earned Capital +illions) Following is the stockholders' equity section of the 2019 Kellogg Corporation balance sheet ($ in 2019 2018 Common stock, $0.25 par value, 1,000,000,000 shares authorized, issued: 419,923,540 shares in 2019 and 419,718,217 shares in 2018 $ 105 $ 105 Capital in excess of par value 626 573 Retained earnings 6,749 5,615 Treasury stock at cost, 57,121,760 shares in 2019 and + 58,452,083 shares in 2018 (2,999) (2,943) Accumulated other comprehensive (loss) (936) (946) Total Kellogg Company equity 3,545 2,404 Noncontrolling interests 62 61 Total equity $3,607 $2,465 + Required: a. How many common shares are issued at year end 2019? b. At what average price was the common stock issued as of 2019? C. How many common shares are outstanding at year end 2019? d. How many shares of treasury stock (net) did Kellogg acquire or retire or sell during 2019? e. What average price did Kellogg acquire its treasury stock as of year-end 2019? f. In general, what is accumulated other comprehensive income? List three items that affect this account. g. What is noncontrolling interest

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

Managerial Accounting For Dummies

Authors: Mark P Holtzman, Karen Schoenebeck

1st Edition

1118116429, 978-1118116425

More Books

Students also viewed these Accounting questions

Question

1. To generate a discussion on the concept of roles

Answered: 1 week ago

Question

6. What information processes operate in communication situations?

Answered: 1 week ago