The 2012 balance sheet for Kimberly-Clark Corporation indicates that the company has 1.2 billion shares of common

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The 2012 balance sheet for Kimberly-Clark Corporation indicates that the company has 1.2 billion shares of common stock authorized, of which approximately 428.6 million have been issued. In addition, the company holds 39.3 million shares in treasury.
a. How many additional shares of common stock could Kimberly-Clark sell?
b. How are the shares that have not yet been issued included in the company's balance sheet? Do they represent an asset of the company?
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078025778

17th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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