KMBSolution8 - Kimberly-Clark Corporation (KMB) Solution to...

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Kimberly-Clark Corporation (KMB) Solution to Continuing Case, Chapter 8 REFORMULATION OF THE EQUITY STATEMENT Review the Continuing Case for Chapter 2 before beginning here, noting particularly the treatment of the equity statement. The reformulated equity statement is as follows: KIMBERLY-CLARK CORPORATION Reformulated Statement of Stockholders Equity, 2004 (in millions) Balance December 31, 2003 $6,964.5 Translation with shareholders Stock issues (290.0 + 86.8 + 13.5 - 4.8) 385.5 Stock repurchase (1617.3) Spin-off of Neenah Paper Inc. (226.9) Cash Dividend (791.0- (194.2 – 171.1)) (767.9) (2226.6) Comprehensive Income Net income 1,800.2 Currency translation gain 415.8 Pension liability adjustment (47.8) Other (4.2) Stock option compensation expense (55.9) 2108.1 Balance December 31, 2004 $6,846.0 The beginning balance in the reformulated statements is calculated as follows: Reported beginning balance 6,766.3 Dividend Payable 171.1 Unearned compensation balance 27.1 Adjusted Beginning balance
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KMBSolution8 - Kimberly-Clark Corporation (KMB) Solution to...

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