1. Following is the stockholders\' equity section of the 2016 Kellogg Company ba
ID: 2513512 • Letter: 1
Question
1. Following is the stockholders' equity section of the 2016 Kellogg Company balance sheet. (S in millions, except par value) 2016 2015 Common stock, $0.25 par value, 1,000,000,000 shares authorized, issued: 420,472,901 shares in 2016 and 420,315,589 shares in 2015 Capital in excess of par value Retained earnings Treasury stock at cost, 69,403,567 shares in 2016 and 105$ 105 806 745 6,571 6,597 (3,997) (3,943 70,291,514 shares in 2015 Accumulated other comprehensive (loss) Total Kellogg Company equity Noncontrolling interests Total equity 1,910 2,128 16 10 $1,926 $2,138Explanation / Answer
e.what average price did kellong acquire its treasury stock as of year end 2016?
Average price will be : $3997 millions/69,403,567 shares = $57.59
f. In general what is the accumulated other comprehensive income? List three items that affect this account
Accumulated other comprehensive income include the changes in equity that is not impacted the income yet and so it is not reflected in retained earnings. These changes to equity are not included in current period income but could be changes to assets or liabilities
Items affect this account include pension adjustments, foreign currency translation gains, unrealized gains and losses available for sale of securities and unrealized losses and gains on derivates used for future transactions
2. Redding exports has the following stock outstanding?
Preference dividends are: 25000 shares of $120 Par value at 6% stock
25000shares*$120* 6%
180000
Year
Particulars
Preference
common stock
2014
Dividend paid
97500
Dividend in arrears
82500
2015
Arrears from previous years
82500
Current year dividend
180000
355500
2016
current year dividend paid
180000
274500
2017
current year dividend paid
0
0
Dividend in arrears
180000
0
Preference dividends are: 25000 shares of $120 Par value at 6% stock
25000shares*$120* 6%
180000
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