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pantera1 [17]
4 years ago
5

he 2016 annual report for General Mills disclosed that 1 billion shares of common stock have been authorized. At the end of 2015

, 755 million shares had been issued and the number of shares in treasury stock was 156 million. During 2016, the only common share transactions were that 9 million common shares were reissued from treasury and 11 million common shares were purchased and held as treasury stock. Required: Determine the number of common shares (a) issued, (b) in treasury, and (c) outstanding at the end of 2016. (Enter your answers in millions.)
Business
1 answer:
andriy [413]4 years ago
4 0

Answer:

(a) 755 million

(b) 158 million

(c) 597 million

Explanation:

(a) The number of common shares issued = 755 million shares

(b) Treasury stock balance:

= Last year Balance + Shares Purchased in 2016 - Shares Reissued in 2016

= 156 million + 11 million - 9 million

= 158 million

(c) Shares Outstanding = Issued Stock - Treasury Stock balance

                                      = 755 million - 158 million

                                      = 597 million

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Answer:

B. The form will ask if an applicant can legally work in the United States.

Explanation:

Applications for employment in the United State of America is sometimes rigorous and sometimes easy. Nevertheless, each process involves filling a form that inquire if an applicant can legally work in the United States or not.

The purpose of this form us to ascertain if the the applicant is a citizen of the United States or is legally authorised to work in the United State of America.

8 0
3 years ago
Sales revenue equals $367,810, sales returns and allowances are $10,000, and sales discounts total $14,180. The cost of goods so
slava [35]

Answer:

Net Sales = $343,630

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Explanation:

                            XYZ Company

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               For the year ended, Dec 31, 20xx

   Particulars                                                     $

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Less: Sales returns and allowances          (10,000)

Less: Sales discounts                         <u>         (14,180)</u>

Net Sales                                                    343,630

Less: Cost of goods sold                   <u>       (216,490)</u>

Gross profit                                                127,140

Less: operating expenses                   <u>      (28,500)</u>

Income from operation                               98,640

Less: Income tax expense                     <u>     (31,640)</u>

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6 0
4 years ago
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Anettt [7]

Answer:

The correct answer is option C.

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4 0
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4 0
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Criminal law defines crimes, establishes punishments, and includes payment for personal injury.
FromTheMoon [43]

Answer:

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5 0
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