Question
In: Accounting
Selected data (in $ millions) from the equity portion of ABC Company's balance sheet are presented:...
Selected data (in $ millions) from the equity portion of ABC Company's balance sheet are presented:
|
December 31 |
2015 |
2014 |
|
Common stock |
$198 |
$60 |
|
Additional paid-in-capital |
$652 |
$242 |
|
Retained earnings |
$7,664 |
$7,329 |
How much cash did the company receive from issuing additional common stock?
Solutions
Expert Solution
|
December 31.. |
2,015 |
2,014 |
Increase |
|
Common stock |
$ 198.00 |
$ 60.00 |
$ 138.00 |
|
Additional paid-in-capital |
$ 652.00 |
$ 242.00 |
$ 410.00 |
|
Cash received on issue of common stock |
$ 548.00 |
||
The amount of cash received by company on issue of common stock = $548 Million
Cash received includes cash for additional paid in capital.
Retained earnings has nothing to do with issue of common stock so its excluded from any calculations.
ekkarill92 answered 2 years agoRelated Solutions
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