Following is the shareholders' equity section of the 2013 balance sheet for Procter & Gamble Company and
Question:
Following is the shareholders' equity section of the 2013 balance sheet for Procter \& Gamble Company and its statement of shareholders' equity.
Required
a. What does the term convertible (in reference to the company's Class A preferred stock) mean?
b. How many shares of common stock did Procter \& Gamble issue when convertible Class A preferred stock was converted during fiscal 2013?
c. Describe the transactions relating to employee plan issuances. At what average price was the common stock issued as of year-end 2013?
d. What is other comprehensive income? What is the accumulated other comprehensive income account? Explain.
e. What cash dividends did Procter \& Gamble pay in 2013 for each class of stock?
June 30 (In millions, expect per share amounts) Shareholders' Equity Convertible Class A preferred stock, stated value $1 per share (600 shares authorized) Non-Voting Class B preferred stock, stated value $1 per share (200 shares authorized) Common stock, stated value $1 per share (10,000 shares authorized; shares issued: 2013-4,009.2) Additional paid-in capital ..... Reserve for ESOP debt retirement.. Accumulated other comprehensive income/(loss). Treasury stock, at cost (shares held: 2013-1,266.9) Retained earnings.... Noncontrolling interest. Total shareholders' equity .... 2013 $ 1,137 4,009 63,538 (1,352) (7,499) (71,966) 80,197 645 $68,709
Step by Step Answer:
Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
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