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Analyzing and Computing Average Issue Price and Treasury Stock Cost Assume this is the stockholders' equity section from the Campbell Soup Company balance sheet. Shareholders' Equity (millions, except per share amounts) August 3, 2008 July 29, 2007 Preferred stock authorized 40 shares: non issued Capital stock $0.0375 par value: authorized 560 shares: issued 542 sharest 20 20 Additional paid-in capital 337 331 Earnings retained in the business 7.866 7,072 Capital stock in treasury. 186 shares in 2008 and 163 shares in 2007, at cost (6.812) (6,015) Accumulated other comprehensive loss (136) (123) Total shareholders equity $1275 $1.285 Assume Campbell Soup Company also reports the following statement of stockholders' equity. Acumulated Capital Stock Earnings Other Total issued in Treasury Additional Retained in Comprehensive share-owners (Millions except per share amounts) Shares Amount Shares Amount Pald-in Capital the Business Income (Loss) Equity Balance at July 29, 2007 542 520 (163) (6.015) 5331 57072 5112 Comprehensive income (loss) Net earnings 1.145 Foreign currency translation adjustments, net of tax Cash flow hedges, net of tax Pension and postretirement benefits, net of tax Other comprehensive loss Total comprehensive income Impact on adoption of FIN 48 Note 10) Dividends (50.88 per share) 337) Treasury stock purchased (903) Treasury stock issued under managementincentive and stock options plan 106 112 542 Balance at August 3, 2008 520 (106) 5 (6.812) 5337 57.866 51136 Jodins 51 (c) Reconcile the beginning and ending balances of retained earnings. (Enter any deductions as negative numbers.) ($ millions) Retained earnings, July 29, 2007 $ 7,072 Net earnings 1,145 Dividends (337) Miscellaneous 11 X Retained earnings, August 3, 2008 $ 7,880 X

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