Chapter 11 - Reporting and Interpreting Owners’ Equity
EXERCISES
E11–1.
Computation of End of Year Balance for Treasury Stock:
Beginning balance Net increase
307,532,841 383,407,665
Ending balance
Computation of Shares Outstanding: E11–2.
Req. 1 The number of authorized shares is specified in the corporate charter: 300,000. Req. 2 Issued shares are the shares sold to the public: 160,000 Req. 3
Issued shares 160,000 Treasury stock
Issued shares Treasury stock
2,109,316,331 1,725,908,666
Shares Outstanding
Outstanding shares 135,000