Question: Please help me answering this question. Thanks value: 153 points E11-1 Computing Shares Outstanding [LO 11-1 The 2013 annual report for Golden Grains disclosed that

Please help me answering this question.
Thanks
 Please help me answering this question. Thanks value: 153 points E11-1

value: 153 points E11-1 Computing Shares Outstanding [LO 11-1 The 2013 annual report for Golden Grains disclosed that 1 billion shares of common stock have been authorized. At the end of 2012, 740 million shares had been issued and the number of shares in treasury stock was 105 million. During 2013, the only common share transactions were that 14 million common shares were reissued from treasury and 20 million common shares were purchased and held as treasury stock Required: Determine the number of common shares (a) issued, (b) in treasury, and (c) outstanding at the end of 2013. (Enter your answers in millions.) Number of Common Shares (in millions) (a) Issued Stock (b) Treasury Stock (c) Shares Outstanding

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!