8-48. Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the...
50.1K
Verified Solution
Link Copied!
Question
Accounting
8-48. Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the December 31, 2018. Caterpillar Inc. balance sheet. LO1, 2 CATERPILLAR INC. (CAT) a. How many shares of Caterpillar common stock are outstanding at year-end 2018? b. What does the phrase "at paid-in amount" in the common stock account mean? c. At what average cost has Caterpillar repurchased its stock as of year-end 2018 ? d. Why would a company such as Caterpillar want to repurchase its common stock? c. What is meant by "Profit employed in the business"? The account balance was $26.301 million at the start of the year and the company reported net income of $6.147 million for the year. What amount did the company record as dividends in 2018
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
