4. The following is a statement of common shareholders equity with some numbers

Question

4. The following is a statement of common shareholders equity with some numbers missing (in millions of dollars) Beginning equity Net income Common dividend Preferred dividend Stock issue (common Unrealized gain on securities for sale Currency translation loss 370 150 (60) ui a. Equity of the company traded at a premium of $1,500 million over the book value. Tts market valtue was $3700 million at December 3L. 20o13 and $4.320 million at December 31, 2014. What was stock issue for 2014? b. Find the missing numbers in the equity statement and reformulate it to identify comprehensive income for the common shareholders for 2014.

Explanation / Answer

beginning equity = 3700 - 1500 = 2200

ending equity = 4320 - 1500 = 2820

Added to equity other than stock issue = 370 -150 - 60 + 21 - 11 = 170

170 + stock issue = 2820 - 2200

stock issue = 620 - 170 = 450

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