Analyzing Stockholders Equity Accounts and Transactions Nutrien Ltd.the worlds largest potash produceris a Canadian corporation...

80.2K

Verified Solution

Question

Accounting

Analyzing Stockholders Equity Accounts and Transactions Nutrien Ltd.the worlds largest potash produceris a Canadian corporation based in Saskatoon, Saskatchewan. The following is information taken from its financial statements reported in $US but prepared in accordance with IFRS.

Accumulated Other Comprehensive (Loss) Income (AOCI)
Net
Actuarial Loss on Total
Net Fair Gain on Currency Accumulated
Value Defined Translation Other
Share Contributed Loss on Benefit of Foreign Comprehensive Retained Total
(In millions of dollars) Capital Surplus Investments Plans Operations Other Income Earnings Equity
BalanceDecember 31, 2017 $1,806 $230 $73 $- $(2) $(46) $25 $6,242 $8,303
Merger impact (Notes 3 and 11) 15,898 7 - - - - - (1) 15,904
Net earnings - - - - - - - 3,573 3,573
Other comprehensive (loss) income - - (99) 54 (249) (8) (302) - (302)
Share repurchased (Note 24) (998) (23) - - - - - (831) (1,852)
Dividends declared - - - - - - - (1,273) (1,273)
Effect of share-based compensation including
issuance of common shares 34 17 - - - - - - 51
Transfer of net actuarial gain on
defined benefit plans - - - (54) - - (54) 54 -
Transfer of net loss on sale of investment - - 19 - - - 19 (19) -
Transfer of net loss on cash flow hedges - - - - - 21 21 - 21
BalanceDecember 31 , 2018 $16,740 $231 $(7) $- $(251) $(33) $(291) $7,745 $24,425

Authorized The company is authorized to issue an unlimited number of common shares without par value and an unlimited number of preferred shares. The common shares are not redeemable or convertible. The preferred shares may be issued in one or more series with rights and conditions to be determined by the Board of Directors. No first preferred shares have been issued.

Issued Number of Common Shares
Balance, December 31, 2017 644,197,473
Issued under option plans 670,201
Repurchased (36,332,197)
Balance, December 31, 2018 608,535,477

a. How many shares are issued at December 31, 2018? Answer

b. At what average price were these shares issued as of December 31, 2018? Note: Round your answer to two decimal places (for example, enter 67.49 for 67.48555). $Answer

c. 1. How many shares are issued under option plans at December 31, 2018? Answer

shares 2. At what average price were these shares issued? Note: Round your answer to two decimal places (for example, enter 67.49 for 67.48555). $Answer

e. On December 14, 2018, the companys Board of Directors declared a quarterly dividend of $0.43 per share, payable to all shareholders of record on March 29, 2019. Assuming that the number of shares outstanding on March 29, 2019, is the same as on December 31, 2018, what dividends will the company pay? $Answer____ million f. Comprehensive income includes net income plus other comprehensive income. What was the companys comprehensive income for 2018? $Answer_________million

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students