Question
Unilever Group reports the following equity information for the years ended December 31, 2013 and 2012 (euros in millions). December 31 2013 2012 Share capital
Unilever Group reports the following equity information for the years ended December 31, 2013 and 2012 (euros in millions). December 31 2013 2012 Share capital 486 486 Share premium 131 155 Other reserves (6,455 ) (3,415 ) Retained profit 15,814 15,164 Shareholders equity 9,976 12,390 1. Match each of the three account titlesshare capital, share premium, and retained profitwith the usual account title applied under U.S. GAAP from the following options:
a.) Share capital
b.) Share premium
c.) Retained Profit
2. | Prepare Unilevers journal entry, using its account titles, to record the issuance of capital stock assuming that its entire par value stock was issued on December 31, 2012, for cash. (Enter your answers in millions of euros and not in whole euros.) | ||
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started