Following is the stockholders' equity section from the The Coca-Cola Company 2017 balance sheet. (All amounts in
Question:
Following is the stockholders' equity section from the The Coca-Cola Company 2017 balance sheet. (All amounts in millions except par value.).
a. Compute the number of shares outstanding.
b. At what average price were the Coca-Cola shares issued?
c. At what average cost were the Coca-Cola treasury stock shares purchased?
d. How should treasury stock be treated in calculating EPS?
Transcribed Image Text:
December 31, The Coca-Cola Company Shareowners' Equity 2017 Common stock-$0.25 par value; authorized-11,200 shares; issued-7,040 shares.... Capital surplus .. Reinvested earnings.. $ 1,760 15,864 60,430 (10,305) Accumulated other comprehensive income (loss) Treasury stock, at cost-2,781 shares.... Equity attributable to shareowners of The Coca-Cola Company.. (50,677) $17,072
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a 7040 million 2781 million 4259 million shares outstanding b 1760 million 15864 millio...View the full answer
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Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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