GSBA
Chapter 11 - Primary HW solutions 2016 PM (1).docx

# Chapter 11 - Primary HW solutions 2016 PM (1).docx - GSBA...

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GSBA 510 Chapter 11 –Primary HW Solutions E11-52. (20 minutes) a. Shares issued Par value = Common Stock amount 3,577 million shares \$0.50 = \$1,788.5 million b. (Common Stock + Other Paid-In Capital)/Shares issued = Average Issue price (\$1,788 million + \$40,423 million) / 3,577 million = \$11.80 per share c. Treasury Stock / Treasury shares = Treasury cost per share \$35,262 million / 739.0 million = \$47.72 per treasury share d. Shares issued – Treasury shares = Shares outstanding 3,577,103,522 – 738,963,326 = 2,838,140,196 shares outstanding P11-58. (30 minutes) a. See explanations in part b below. Balance Sheet Income Statement Transaction Cash Asset + Noncash Assets = Liabil- ities + Contrib. Capital + Earned Capital - Contra Equity Revenues - Expenses = Net Income Issued 1,000 shares of preferred stock. +62,000 = +50,000 Preferred Stock +12,000 Additional Paid-in Capital - - = Issued 4,000 shares of common stock. +144,000 Cash = +80,000 Common Stock +64,000 Additional Paid-in Capital - - = Issued 2,000 shares of common stock. +60,000 Cash = +20,000 Common Stock +40,000 Additional Paid-in Capital - - = Purchased 2,500 shares of treasury stock.

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