BusinessCourse Menu BRIT Analyzing and Interpreting Equity Accounts and comprehe
ID: 2551937 • Letter: B
Question
BusinessCourse Menu BRIT Analyzing and Interpreting Equity Accounts and comprehensive Income Following is the shareholders' equity section of the 2016 balance sheet for Procter & Gamble Company and its statement of shareholders' equity. June 30 (In millions, except per share amounts) 2016 Shareholders Equity Convertible Class A preferred stock, stated value $ 1 per share (600 shares authorized) Non-votung Class 8 preferred stock, stated value $ 1 per share (200 shares authorized) Common stock, stated value $ 1 per share (10,000 shares authorized; shares issued: 2016-4,009.2 1,137 4,009 63,714 (1,290) (15,907) (82,176) 87,963 642 $57,983 Addtional paid-in capital Reserve for ESOP debt retirement Accumulated ather comprehensive income/tioss) Treasure stock, at cost (shares held: 2016-1,341.2 Retained earnings Noncortrolling interest Total sharehoiders' equity Consolidated Statement of Shareholders Equity PreviousExplanation / Answer
b.No of common stock issued for conversion of preference stock = 4863 thousand shares
c. Total value of employee plan issuances = 3090000000 or 3090 Million
No of common stock shares = 52,089,000
Average share price = 3090000000/52,089,000 = 59.321
e. Common dividends = 7181 $ millions
Preferred Dividends = 255 $ millions
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