Shareholders' Equity (millions, except per share amounts)July 31, 2016August 2, 2015Preferred stock: authorized 40 shares; non issued$ --$ --Capital stock, $.0375 par value; authorized 560 shares;  issued 323 shares1212Additional paid-in capital354339Earnings retained in the business1,9271,754Capital stock in treasury, at cost(664)(556)Accumulated other comprehensive loss(104)(168)Total Campbell Soup Company shareowners’ equity1,5251,381Noncontrolling interests8(4)Total equity$1,533$1,377Campbell Soup Company also reports the following statement of stockholders' equity.Campbell Soup Company(Millions, except per share amounts) AdditionalPaid-in CapitalEarningsRetained inthe BusinessAccumulatedOtherComprehensiveIncome (Loss)NoncontrollingInterests TotalEquityIssuedIn TreasurySharesAmountSharesAmountBalance at August 2, 2015323$12(13)$(556)$339$1,754$(168)$(4)$1,377Contribution from noncontrolling interests        -Noncontrolling Interests Other Activity       99Net earnings (loss)     563  563Other comprehensive income (loss)      64367Dividends ($1.248 per share)     (390)  (390)Treasury stock purchased  (3)(143)    (143)Treasury stock issued under managementincentive and stock option plans  13515   50Balance at July 31, 2016323$12(15)$(664)$354$1,927$(104)$8$1,533 (b) At what average price were the Campbell Soup shares issued?_______Please show how you calculate the average price (c)(Enter any deductions as negative numbers)($ millions)Retained earnings, August 2, 2015Answer_______Net earningsAnswer_______DividendsAnswer_______MiscellaneousAnswer________Retained earnings, July 31, 2016Answer_______Please show how the answers are calculated

Question
Asked Sep 26, 2019
Shareholders' Equity (millions, except per share amounts) July 31, 2016 August 2, 2015
Preferred stock: authorized 40 shares; non issued $ -- $ --
Capital stock, $.0375 par value; authorized 560 shares;    
issued 323 shares 12 12
Additional paid-in capital 354 339
Earnings retained in the business 1,927 1,754
Capital stock in treasury, at cost (664) (556)
Accumulated other comprehensive loss (104) (168)
Total Campbell Soup Company shareowners’ equity 1,525 1,381
Noncontrolling interests 8 (4)
Total equity $1,533 $1,377


Campbell Soup Company also reports the following statement of stockholders' equity.

Campbell Soup Company
(Millions, except per share amounts)   Additional
Paid-in Capital
Earnings
Retained in
the Business
Accumulated
Other
Comprehensive
Income (Loss)

Noncontrolling
Interests

 

Total
Equity

Issued In Treasury
Shares Amount Shares Amount
Balance at August 2, 2015 323 $12 (13) $(556) $339 $1,754 $(168) $(4) $1,377
Contribution from noncontrolling interests                 -
Noncontrolling Interests Other Activity               9 9
Net earnings (loss)           563     563
Other comprehensive income (loss)             64 3 67
Dividends ($1.248 per share)           (390)     (390)
Treasury stock purchased     (3) (143)         (143)
Treasury stock issued under managementincentive and stock option plans     1 35 15       50
Balance at July 31, 2016 323 $12 (15) $(664) $354 $1,927 $(104) $8 $1,533

 

(b) At what average price were the Campbell Soup shares issued?_______

Please show how you calculate the average price

 

(c)

(Enter any deductions as negative numbers)

($ millions)
Retained earnings, August 2, 2015 Answer
_______
Net earnings Answer
_______
Dividends Answer
_______
Miscellaneous Answer
________
Retained earnings, July 31, 2016 Answer
_______

Please show how the answers are calculated

check_circleExpert Solution
Step 1

Shareholder equity:

The claims of shareholder on a company’s resources, after the liabilities are paid off, are referred to as shareholders’ equity. Thus, shareholders’ equity is sometimes referred to as net worth of owners or shareholders or stockholders.

Retained earnings: Retained earnings are the portion of earnings kept by the business for the purpose of reinvestments, payment of debts, or for future growth.

Step 2

Requirement (b):

Calculate the average price of s...

(Issued share capital+ Additional paid-in capital)
Average price
Total number of shares issued
(S12 $354)
+
323
$366
323
- $ 1.13 per share (rounded off
help_outline

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(Issued share capital+ Additional paid-in capital) Average price Total number of shares issued (S12 $354) + 323 $366 323 - $ 1.13 per share (rounded off

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