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Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778 Exercise 4
Authorized Stock
The 2012 balance sheet for Kimberly-Clark Corporation indicates that the company has 1.2 billion shares of common stock authorized, of which approximately 428.6 million have been issued. In addition, the company holds 39.3 million shares in treasury.
a. How many additional shares of common stock could Kimberly-Clark sell?
b. How are the shares that have not yet been issued included in the company's balance sheet? Do they represent an asset of the company?
The 2012 balance sheet for Kimberly-Clark Corporation indicates that the company has 1.2 billion shares of common stock authorized, of which approximately 428.6 million have been issued. In addition, the company holds 39.3 million shares in treasury.
a. How many additional shares of common stock could Kimberly-Clark sell?
b. How are the shares that have not yet been issued included in the company's balance sheet? Do they represent an asset of the company?
Explanation
Verified
Verified
a.
The following table shows the shares...
Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
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