BuyFindarrow_forward

Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281

Solutions

Chapter
Section
BuyFindarrow_forward

Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281
Textbook Problem
5 views

Analyzing Coca-Cola’s Contributed Capital Obtain The Coca-Cola Company’s 2017 annual report either using the “Investor Relations” portion of its web site (do a Web search for Coca-Cola investor relations) or go to http://www.sec.gov and click “Search for company filings” under “Filings and Forms (EDGAR).”

Required:

  1. 1. How many shares of preferred stock were authorized and issued at the end of 2017?
  2. 2. How many shares of common stock were authorized and issued at the end of 2017? What is the par value per share?
  3. 3. What does the company call its additional paid-in capital? What was the amount at the end of 2017?
  4. 4. How many shares of treasury stock did the company hold at the end of 2017? What was the average cost per share?
  5. 5. How many shares of treasury stock did the company reacquire during 2017? What was the average cost per share?
  6. 6. Briefly describe the company’s 2014 Equity Plan. What was the weighted average fair value of the share options the company granted in 2017? How much was the company’s total stock-based compensation expense for 2017, and where was it reported? How many share options were granted and exercised during 2017, and how many were outstanding at the end of 2017? At what weighted average price per share were the options exercised in 2017?

1.

To determine

Identify the number of preferred shares were authorized and issues at the end of 2017.

Explanation

Authorized stock: The maximum number of shares a public company is permitted by the state charter to issue, as specified in the articles of the association is referred to as authorized stock...

2.

To determine

Identify the number of preferred shares were authorized and issues at the end of 2017 and identify the par value per share.

3.

To determine

Identify the term the company used for its additional paid in capital and state the amount at the end of 2017.

4.

To determine

Identify the number of treasury stock held by the company at the end of 2017 and state the average cost per share.

5.

To determine

Identify the number of shares that company reacquire in 2017 and state the average cost per share.

6.

To determine

Describe the Company’s 2014 equity plan. Identify the weighted average fair value of the share options the company granted in 2017. State the stock based compensation of company for 2017 and where it was reported. Identify the number of share options were granted and exercised in 2017, and identify the number of outstanding options at the end of 2017. State the weighted average price per share were the options exercised in 2017.

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Business Solutions

Find more solutions based on key concepts

Show solutions add

Suppose interest rates on Treasury bonds rose from 5% to 9% as a result of higher interest rates in Europe. Wha...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

Identify and discuss the four kinds of quality costs.

Cornerstones of Cost Management (Cornerstones Series)