Problem $14-7$ Equity Accounts $($LO$3)$

Book value of common stockholders' equity of FedEx, May $31,2020($figures in $ millions$)$

Requlred:

a$.$ Suppose that FedEx now Issues $5$ million shares at $$150$ a share. Update the table below with the new values.

b$.$ What would happen to the book value of common stockholders' equity If Instead FedEx bought back $5$ million shares at $$150$ per

share?

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Suppose that FedEx now issues $5$ million shares at $$150$ a share. Update the table below with the new values.

Note: Negative amounts should be indicated by a minus sign. Enter your answers in millions rounded to $1$ decimal place.