Shareholders' Equity (millions, except per share amounts) Analyzing dru mputing Assume this is the stockholders' equity...

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Shareholders' Equity (millions, except per share amounts) Analyzing dru mputing Assume this is the stockholders' equity section from the Campbell Soup Company balance sheet. Preferred stock: authorized 40 shares; non issued August 3, 2008 July 29, 2007 $-- $-- Capital stock, $0.0375 par value; authorized 560 shares; issued 542 shares 20 20 Additional paid-in capital 337 331 Earnings retained in the business 7,866 7,072 Capital stock in treasury, 186 shares in 2008 and 163 shares in 2007, at cost (6,812) (6,015) Accumulated other comprehensive loss (136) (123) Total shareholders' equity $1,275 $1,285 Assume Campbell Soup Company also reports the following statement of stockholders' equity. Earnings Capital Stock Retained Accumulated Issued In Treasury (Millions, except per share amounts) Balance at July 29, 2007 Shares Amount Shares Amount 542 $20 (163) $ (6,015) Additional Paid-in Capital $ 331 in the Business Other Comprehensive share-owners' Total Income (Loss) Equity $ 7,072 $ (123) $1,285 Net earnings 1,145 1,145 Other comprehensive income (loss) (13) (13) Impact on adoption of FIN 48 Note 10) Dividends ($0.88 per share) (14) (337) (14) (337) Treasury stock purchased (26) (903) (903) Treasury stock issued under managementincentive and stock options plan Balance at August 3, 2008 542 3 106 $ 20 (186) $ (6,812) 6 112 $ 337 $ 7,866 S (136) $1,275 (a) Campbell Soup Company reports $20 million in its Common Stock account. Which of the following statements best describes the manner in which this number is computed The computation uses the number of issued shares multiplied by the par value of the stock. The computation uses the number of outstanding shares multiplied by the market price of the stock. The computation uses the number of issued shares multiplied by the market value of the stock. The computation uses the number of outstanding shares multiplied by the par value of the stock. Shareholders' Equity (millions, except per share amounts) Analyzing dru mputing Assume this is the stockholders' equity section from the Campbell Soup Company balance sheet. Preferred stock: authorized 40 shares; non issued August 3, 2008 July 29, 2007 $-- $-- Capital stock, $0.0375 par value; authorized 560 shares; issued 542 shares 20 20 Additional paid-in capital 337 331 Earnings retained in the business 7,866 7,072 Capital stock in treasury, 186 shares in 2008 and 163 shares in 2007, at cost (6,812) (6,015) Accumulated other comprehensive loss (136) (123) Total shareholders' equity $1,275 $1,285 Assume Campbell Soup Company also reports the following statement of stockholders' equity. Earnings Capital Stock Retained Accumulated Issued In Treasury (Millions, except per share amounts) Balance at July 29, 2007 Shares Amount Shares Amount 542 $20 (163) $ (6,015) Additional Paid-in Capital $ 331 in the Business Other Comprehensive share-owners' Total Income (Loss) Equity $ 7,072 $ (123) $1,285 Net earnings 1,145 1,145 Other comprehensive income (loss) (13) (13) Impact on adoption of FIN 48 Note 10) Dividends ($0.88 per share) (14) (337) (14) (337) Treasury stock purchased (26) (903) (903) Treasury stock issued under managementincentive and stock options plan Balance at August 3, 2008 542 3 106 $ 20 (186) $ (6,812) 6 112 $ 337 $ 7,866 S (136) $1,275 (a) Campbell Soup Company reports $20 million in its Common Stock account. Which of the following statements best describes the manner in which this number is computed The computation uses the number of issued shares multiplied by the par value of the stock. The computation uses the number of outstanding shares multiplied by the market price of the stock. The computation uses the number of issued shares multiplied by the market value of the stock. The computation uses the number of outstanding shares multiplied by the par value of the stock.

Answer rating: 100% (QA)

Answer Based on the information provided in the Campbell Soup Companys balance sheet and statement o... View the full answer