The following information was taken from the 2019 annual report of Coca-Cola ( dollar and share amounts

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The following information was taken from the 2019 annual report of Coca-Cola ( dollar and share amounts in millions):

a. At what average price did the company repurchase its shares in 2017?
b. At what average price did the company repurchase its shares in 2018?
c. The December 31, 2019, balance in treasury stock was ($52,244). If Coca-Cola reissues treasury shares in the amount of $1,200 to support 2020 employee compensation plans, what will be the December 31, 2020, balance in the treasury stock account?

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-1119745327

11th Edition

Authors: Jamie Pratt, Michael F Peters

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