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Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders'...

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Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the 2015 Merck & Co. Inc. balance sheet. E8-48. Stockholders' Equity ($ millions) Common stock, $0.50 par value; Authorized 6,500,000,000 shares 2015 $ 1,788 40,222 Other paid-in capital. . . Retained earnings 45,348 Accumulated other comp Stockholders' equity before deduction for treasury stock............. 83,210 Less treasury stock, at cost: 795,975,449 shares. 38,534 rehensive loss (4,148) a. Show the computation of the $1,788 million in the common stock account. b. At what average price were the Merck common shares issued? c. At what average cost was the Merck treasury stock purchased? d. How many common shares are outstanding as of December 31, 2015? P8-49. Identifying and Analyzing Financial Statement Effects of Stock Transactions The stockholders' equity section of Medina Company at Recember 31 2016 fallou

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