Question: The following data were obtained from the cash flow statements (prepared using the indirect method) of The Coca-Cola Company from 2006 through 2009. All amounts
The following data were obtained from the cash flow statements (prepared using the indirect method) of The Coca-Cola Company from 2006 through 2009. All amounts are in millions of U.S. dollars.
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Instructions:
1. Using the information given, estimate the December 31, 2009, balances in the following accounts.
(a) Cash
(b) Paid-In Capital from Common Stock
(c) Retained Earnings
(d) Treasury Stock
2. Comment on the size of the December 31, 2009, balance in the paid-in capital from common stock account in relation to the balance in the treasury stock account?
2009 2008 2007 2006 Net income Cash from operating activities Cash from investing activities $6,906 $5,874 6,027 5,080 8,186 7,571 7,150 5,957 4,149) (2,363) (6,719) (1,700) Cash from financing activities Issuances of debt Payments of debt Issuances of stock Purchases of stock for treasury (12,326) (4,308) (5,638) 2,021) 662 586 1,619148 (1,518 (1,079) 1,838) (2,416) (3,800 (3,521) (3,149) (2,911) At January 1, 2006, the following items had the indicated balances $4,701 Paid-In Capital from Common Stock includes par value and additional paid-in capital) 6,369 31,299 19,6 Treasury Stock
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