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 ago
Next > < Previous

Related Solutions

Consider the following balance sheet for ABC Inc( in millions) Assets Liabilities and Equity Floating Rate...
Consider the following balance sheet for ABC Inc( in millions) Assets Liabilities and Equity Floating Rate loans ( currently 6% annually) = $80 Demand Deposits(currently at 1% annually) = $30 20 year fixed rate loans ( currently 5% annually) = $20 Time Deposits( currently at 6% annually) = $60 Total Assets = $100 Equity = $10 Total Liabilities and Equity = $100 a) What is ABC's expected net interest income at year end? b) What will be the net interest...
A portion of the stockholders’ equity section from the balance sheet of Walland Corporation appears as...
A portion of the stockholders’ equity section from the balance sheet of Walland Corporation appears as follows. Notice that the company has two classes of preferred stock with different features, in addition to common stock. Stockholders' equity: Preferred stock, 8% cumulative, $50 par, 40,000 shares authorized, issued, and outstanding $ 2,000,000 Preferred stock, 12% noncumulative, $100 par, 8,000 shares authorized, issued, and outstanding 800,000 Common stock, $5 par, 400,000 shares authorized, issued, and outstanding 2,000,000 Total paid-in capital $ 4,800,000...
Presented below is the classified balance sheet for one of businesses: ABC PLC Consolidated Balance Sheet...
Presented below is the classified balance sheet for one of businesses: ABC PLC Consolidated Balance Sheet at December 31, 2019 CAPITAL EMPLOYED Fixed Assets: Intangible Assets 216,7 M Tangible Assets 793,7 Investments 7,4 1,017,8 Current Assets Stock 373,9 Debtors 624,2 Cash 175,6 1,173,7 Current Liabilities Creditors: amounts falling due within one year (502,3) Net current assets 671,4 Total assets less current liabilities 1,689.2 Creditors: amounts falling due after more than one year (488,4) Provisions for liabilities and charges (423,5) Net...
The Verbrugge Publishing Company's 2019 balance sheet and income statement are as follows (in millions of...
The Verbrugge Publishing Company's 2019 balance sheet and income statement are as follows (in millions of dollars). Balance Sheet Current assets $300 Current Liabilities $40 Net fixed assets $200 Advance payments by customers $80 Noncallable Preferred Stock, $6 coupon, $110 par value (1,000,000 shares) 110 Callable preferred stick, $10 coupon, no par, $100 call price (2,000,000 shares) 200 Common stock, $2 par value (5,000,000 shares) $10 Retained earnings $60 Total Assets $500 Total liabilities and equity $500 Income Statement Net...
The Verbrugge Publishing Company's 2018 balance sheet and income statement are as follows (in millions of...
The Verbrugge Publishing Company's 2018 balance sheet and income statement are as follows (in millions of dollars). Balance Sheet Current assets $168 Current liabilities $42 Net fixed assets 153 Advance payments 78 Goodwill 15 Reserves 6 $6 preferred stock, $112.50 par value (1,200,000 shares) 135 $10.50 preferred stock, no par, callable at $150 (60,000 shares) 9 Common stock, $1.50 par value (6,000,000 shares) 9 Retained earnings 57 Total assets $336 Total claims $336 Income Statement Net sales $540.0 Operating expense...
Below is selected balance sheet and income statement information from O'Reilly (in millions) 2019 2017 Cash...
Below is selected balance sheet and income statement information from O'Reilly (in millions) 2019 2017 Cash $   1,600.00 $ 1,500.00 Accounts receivable 1,197.16 835.30 Current assets 4,013.56 3,018.33 Current liabilities 3,485.39 6,257.95 Long-term debt 17,620.81 3,611.63 Short-term debt 1,133.96 4,668.83 Total liabilities 23,318.42 26,463.17 Interest expense 1,666.90 1,438.29 Capital expenditures 1,645.48 1,211.50 Equity 4,600.00 -7,200.00 Cash from operations 610.89 685.98 Earnings before interest and taxes 1,594.84 2,002.84 Compute the following liquidity, solvency and coverage ratios for both years. (Round each...
Intangible assets can make up a significant portion of a company's balance sheet. One of the...
Intangible assets can make up a significant portion of a company's balance sheet. One of the issues with intangible assets is determining the value and useful life so that their cost can be allocated among the asset's life. What are some methods companies use to determine the value and useful life of an intangible asset?
Reorganization The Verbrugge Publishing Company's 2016 balance sheet and income statement are as follows (in millions...
Reorganization The Verbrugge Publishing Company's 2016 balance sheet and income statement are as follows (in millions of dollars). Balance Sheet Current assets $168 Current liabilities $42 Net fixed assets 153 Advance payments 78 Goodwill 15 Reserves 6 $6 preferred stock, $112.50 par value (1,200,000 shares) 135 $10.50 preferred stock, no par, callable at $150 (60,000 shares) 9 Common stock, $1.50 par value (6,000,000 shares) 9 Retained earnings 57 Total assets $336 Total claims $336 Income Net sales $540.0 Operating expense...
Reorganization The Verbrugge Publishing Company's 2016 balance sheet and income statement are as follows (in millions...
Reorganization The Verbrugge Publishing Company's 2016 balance sheet and income statement are as follows (in millions of dollars). Balance Sheet Current assets $168 Current liabilities $42 Net fixed assets 153 Advance payments 78 Goodwill 15 Reserves 6 $6 preferred stock, $112.50 par value (1,200,000 shares) 135 $10.50 preferred stock, no par, callable at $150 (60,000 shares) 9 Common stock, $1.50 par value (6,000,000 shares) 9 Retained earnings 57 Total assets $336 Total claims $336 Income Net sales $540.0 Operating expense...
Reorganization The Verbrugge Publishing Company's 2016 balance sheet and income statement are as follows (in millions...
Reorganization The Verbrugge Publishing Company's 2016 balance sheet and income statement are as follows (in millions of dollars). Balance Sheet Current assets $168 Current liabilities $42 Net fixed assets 153 Advance payments 78 Goodwill 15 Reserves 6 $6 preferred stock, $112.50 par value (1,200,000 shares) 135 $10.50 preferred stock, no par, callable at $150 (60,000 shares) 9 Common stock, $1.50 par value (6,000,000 shares) 9 Retained earnings 57 Total assets $336 Total claims $336 Income Net sales $540.0 Operating expense...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT