|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|
Campbell Soup Company also reports the following statement of stockholders' equity.
|Campbell Soup Company|
|(Millions, except per share amounts)||Additional
|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
(Enter any deductions as negative numbers)
|Retained earnings, August 2, 2015||Answer
|Retained earnings, July 31, 2016||Answer
Please show how the answers are calculated
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.
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