Analyzing Stockholders' Equity Accounts and Transactions Nutrien Ltd.--the world's largest potash producer-is a Canadian corporation based...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Analyzing Stockholders' Equity Accounts and Transactions Nutrien Ltd.--the world's largest potash producer-is a Canadian corporation based in Saskatoon, Saskatchewan. The following is information taken from its financial statements reported in $US but prepared in accordance with IFRS. Accumulated Other Comprehensive (Loss) Income ("AOCI") Net Net Fair Actuarial Gain on Loss on Value Defined Currency Translation Total Accumulated (In millions of dollars) Balance-December 31, 2017 Share Contributed Capital Surplus Loss on Investments Benefit of Foreign Plans $1,084 $138 $44 $- Operations Other $(1) $(28) Income Other Comprehensive Retained Total Earnings Equity $15 $3,745 $4,982 Merger impact (Notes 3 and 11) 9,539 4 - (1) 9,542 Net earnings Other comprehensive (loss) income (59) 32 (149) (5) (181) 2,144 2,144 (181) (599) (14) (499) (1,112) Share repurchased (Note 24) Dividends declared Effect of share-based compensation including issuance of common shares Transfer of net actuarial gain on 20 20 10 defined benefit plans Transfer of net loss on sale of investment Transfer of net loss on cash flow hedges Balance December 31, 2018 - 11 - $10,044 $138 $(4) (32) (764) (764) 30 - (32) 11 32 (11) 13 $(150) $(20) 13 $(174) - 13 $4,646 $14,654 Authorized The company is authorized to issue an unlimited number of common shares without par value and an unlimited number of preferred shares. The common shares are not redeemable or convertible. The preferred shares may be issued in one or more series with rights and conditions to be determined by the Board of Directors. No first preferred shares have been issued. Issued Balance, December 31, 2017 Issued under option plans Repurchased Balance, December 31, 2018 Number of Common Shares 644,197,473 670,201 (36,332,197) 608,535,477 a. How many shares are issued at December 31, 2018? 608535477 b. At what average price were these shares issued as of December 31, 2018? Note: Round your answer to two decimal places (for example, enter 67.49 for 67.48555). $ 16.73 C. 1. How many shares are issued under option plans at December 31, 2018? 670201 2. At what average price were these shares issued? Note: Round your answer to two decimal places (for example, enter 67.49 for 67.48555). $ 44.76 shares d. Does the company have any treasury stock? No e. On December 14, 2018, the company's Board of Directors declared a quarterly dividend of $0.43 per share, payable to all shareholders of record on March 29, 2019. Assuming that the number of shares outstanding on March 29, 2019, is the same as on December 31, 2018, what dividends will the company pay? $ 0 million f. Comprehensive income includes net income plus other comprehensive income. What was the company's comprehensive income for 2018? $ 0 million Analyzing Stockholders' Equity Accounts and Transactions Nutrien Ltd.--the world's largest potash producer-is a Canadian corporation based in Saskatoon, Saskatchewan. The following is information taken from its financial statements reported in $US but prepared in accordance with IFRS. Accumulated Other Comprehensive (Loss) Income ("AOCI") Net Net Fair Actuarial Gain on Loss on Value Defined Currency Translation Total Accumulated (In millions of dollars) Balance-December 31, 2017 Share Contributed Capital Surplus Loss on Investments Benefit of Foreign Plans $1,084 $138 $44 $- Operations Other $(1) $(28) Income Other Comprehensive Retained Total Earnings Equity $15 $3,745 $4,982 Merger impact (Notes 3 and 11) 9,539 4 - (1) 9,542 Net earnings Other comprehensive (loss) income (59) 32 (149) (5) (181) 2,144 2,144 (181) (599) (14) (499) (1,112) Share repurchased (Note 24) Dividends declared Effect of share-based compensation including issuance of common shares Transfer of net actuarial gain on 20 20 10 defined benefit plans Transfer of net loss on sale of investment Transfer of net loss on cash flow hedges Balance December 31, 2018 - 11 - $10,044 $138 $(4) (32) (764) (764) 30 - (32) 11 32 (11) 13 $(150) $(20) 13 $(174) - 13 $4,646 $14,654 Authorized The company is authorized to issue an unlimited number of common shares without par value and an unlimited number of preferred shares. The common shares are not redeemable or convertible. The preferred shares may be issued in one or more series with rights and conditions to be determined by the Board of Directors. No first preferred shares have been issued. Issued Balance, December 31, 2017 Issued under option plans Repurchased Balance, December 31, 2018 Number of Common Shares 644,197,473 670,201 (36,332,197) 608,535,477 a. How many shares are issued at December 31, 2018? 608535477 b. At what average price were these shares issued as of December 31, 2018? Note: Round your answer to two decimal places (for example, enter 67.49 for 67.48555). $ 16.73 C. 1. How many shares are issued under option plans at December 31, 2018? 670201 2. At what average price were these shares issued? Note: Round your answer to two decimal places (for example, enter 67.49 for 67.48555). $ 44.76 shares d. Does the company have any treasury stock? No e. On December 14, 2018, the company's Board of Directors declared a quarterly dividend of $0.43 per share, payable to all shareholders of record on March 29, 2019. Assuming that the number of shares outstanding on March 29, 2019, is the same as on December 31, 2018, what dividends will the company pay? $ 0 million f. Comprehensive income includes net income plus other comprehensive income. What was the company's comprehensive income for 2018? $ 0 million
Expert Answer:
Answer rating: 100% (QA)
a The number of shares issued at December 31 2018 is 808535477 shares b The aver... View the full answer
Related Book For
Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
Posted Date:
Students also viewed these accounting questions
-
The real risk-free rate is 3%. Inflation is expected to be 2% this year and 4% during the next 2 years. Assume that the maturity risk premium is zero. What is the yield on 2-year Treasury securities?...
-
Prove parts (a) and (d), of Theorem 6.1.1, justifying each step with the name of a vector space axiom or by referring to previously established results. Theorem 6.1.1 If u, v and w are vectors in a...
-
Given the two degree of freedom system shown in Fig. P4.3, complete the following. (a) Write the equations of motion in matrix form. (b) Write the system characteristic equation using Laplace...
-
The August 31 bank statement of Dickson Engineering Associates has just arrived from Carolina First Bank. To prepare the Dickson bank reconciliation, you gather the following data: a. Dicksons Cash...
-
(1) In perfect competition, firms cannot control market price and thus market price tends to be lower than that of monopoly and oligopoly. In some occasions, however, firms in oligopoly may decrease...
-
Essay on Describe the approaches to resource scheduling. Which tactics might a Project Manager consider when optimizing the resource allocation for a project? Identify any assumptions / implications...
-
David Samarin, network administrator for OrangeWerks, laced his shoes as he prepared to head out for his exercise break in Ottawa. It was February 7, 2011, and Samarin needed to decide what to do...
-
Is it possible for a force to be exerted on an object along the direction of the object's motion and still produce no change in the object's kinetic energy? If yes, give an example. If no, explain...
-
In November of 2011, Bob Paulson was appointed as the new Commissioner of the Royal Canadian Mounted Police (RCMP), becoming the 23rd Commissioner. However, Paulsons appointment came at a critical...
-
A person is sitting on a stool in an elevator. The forces exerted on the stool are a downward force of magnitude \(60 \mathrm{~N}\) exerted by Earth, a downward force of magnitude \(780 \mathrm{~N}\)...
-
As a car accelerates from rest to highway speed, a pedestrian watching the motion sees positive work done on the car because its kinetic energy increases. However, from the reference frame of someone...
-
What are the general tradeoffs that are involved in waiting line decisions? Who needs to be involved in assessing the cost of customers waiting for service? How has technology had an impact on...
-
Information graphics, also called infographics, are wildly popular, especially in online environments. Why do you think infographics continue to receive so much attention? How could infographics be...
-
What are the determinants that influence the open economy IS curve? Which factors shift the open economy IS curve in which direction? What was the advantage for China to open its economy?
-
What are the two main types of exchange-rate systems? Currently, which type of system determines the values of the major currencies, such as the dollar, yen, and euro?
-
For the European Union and the European Central Bank, an expansionary monetary policy was the only way to beat recession and increase the economic growth of the member states from 2015 to 2017....
Study smarter with the SolutionInn App