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

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

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
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.
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern