Question: The 2011 annual report for Philip Morris Companies Inc disclosed
The 2011 annual report for Philip Morris Companies, Inc., disclosed that 4 billion shares of common stock have been authorized. At the end of 2010, a total of 2,109,316,331 shares had been issued and the number of shares in treasury stock was 307,532,841. During the current year, no additional shares were issued, but additional shares were purchased for treasury stock and shares were sold from treasury stock. The net change was an increase of 75,874,824 shares of treasury stock. Determine the number of shares outstanding at the end of the current year.
Relevant QuestionsTandy, Incorporated, was issued a charter on January 15, 2014, that authorized the following capital stock:Common stock, no-par, 103,000 sharesPreferred stock, 9 percent, par value $8 per share, 4,000 sharesThe board of ...The stockholders’ equity section on the December 31, 2014, balance sheet of American Corporation follows:Required:Complete the following statements and show your computations.1. The number of shares of preferred stock ...At December 31, 2014, the records of NCIS Corporation provided the following selected and incomplete data:Common stock (par $10; no changes during the year).Shares authorized, 200,000.Shares issued, ? ; issue ...On January 1, 2014, PurchaseAgent.com acquired 35 percent (800,000 shares) of the common stock of E-Transaction Corporation. The accounting period for both companies ends December 31. Give the journal entries for each of the ...Below are selected T-accounts for William Company.Required:Complete the following journal entries and answer the following questions:a. Purchased additional investments in affiliated companies for cash. Prepare the journal ...
Post your question