Question: Look back at Table 14.4. a. Suppose that Heinz issued an additional 50 million shares at $30 a share. Rework Table 14.4 to show the

Look back at Table 14.4.

a. Suppose that Heinz issued an additional 50 million shares at $30 a share. Rework Table 14.4 to show the company's equity after the issue.

b. Suppose that Heinz subsequently repurchased 20 million shares at $35 a share. Rework Table 14.4 to show the effect of this furtherchange.

$ 108 Common shares ($.25 par value per share) Additional paid-in capital

$ 108 Common shares ($.25 par value per share) Additional paid-in capital Retained earnings Treasury shares Other adjustments Net common equity 304 4,757 (2,920) (652) $1,596 Note: Authorized shares Issued shares, of which: Outstanding shares Treasury shares 600 431 347 84

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