Question: Homework Question: Calculate the average price received for all outstanding shares as of December 31, 2017. Refer to the Balance Sheet (or the Statements of

Homework Question:

Calculate the average price received for all outstanding shares as of December 31, 2017. Refer to the Balance Sheet (or the Statements of Equity) for dollar amounts related to stock issuances and the number of shares outstanding.

Information from Balance Sheet:

Common stock at $0.0001 par value; 1,500,000,000 shares authorized, 714,674,160 and 744,886,938 shares issued at December 31, 2017 and 2016, respectively

Additional paid-in capital12,053 (in millions)

I know it's going to be (common stock + paid in capital)/outstanding shares. How do I figure out what the common stock is based on the information given? I already know paid in capital 12,053 billion and outstanding shares are 714 million.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!