Question: Look back at Table 14.2. a. Suppose that George Weston issues 10 million shares at $55 a share. Rework the table to show the company's
a. Suppose that George Weston issues 10 million shares at $55 a share. Rework the table to show the company's equity after the issue.
b. Suppose that George Weston subsequently repurchased 500,000 shares at $60 a share. Rework part (a) to show the effect of the further change. Take the average issue price of the shares to be $30.
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Common shares $136 Retained earnings 4.735 Accumulated other comprehensive loss (24) Net common equity 4,847 Note: Unlimited Authorized shares Issued shares 128
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a Common shares will go up by 10 million shares x 55 per share 550 million T... View full answer
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