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Comprehensive Analysis for Deer and Co (One question with separate portions which need to be answered for the entire inferential analysis)

What were dividends declared by Deer and Co for the year ended December 31, 2021?

2. In December 2021, Deer and Co declared a bonus for its executives. This amount is an expense in 2021, even though it will not be paid until 2022. For tax purposes, however, the bonus will not be a tax deduction until it is paid. All deferred tax items at Deer and Co are recorded net, as part of deferred income taxes on the balance sheet. Taken in isolation, did the 2021 bonus increase, decrease, or have no impact on the deferred income taxes account on Deer and Cos December 31, 2021 balance sheet. Select the correct choice (can only be one choice).

Increase OR Neither OR Decrease

3. During the year ended December 31, 2021, Deer and Co repurchased treasury stock and then reissued some of those shares. Assume that Deer and Co reissued 3.6 million shares for a total of $223 in cash and recorded an economic loss of $68 on the issuance of these shares. [Note that both the $223 and the $68 are totals, in millions, NOT per share amounts].

a) How many shares of treasury stock did Deer and Co repurchase during the year ended December 31, 2021? [round your answer to the nearest hundred thousand shares]

b) What was the average price paid by Deer and Co for the shares repurchased during the year ended December 31, 2021? [give your answer to the nearest hundredth decimal place (nearest penny in USD) i.e., $4.86 per share, rather than $5 per share]

Income Statement

Balance Sheet

SE

(") rroint atributavie to common snarenoiders See accompanying notes to Consolidated Financial Statements Consolidated Financial Position at December 31 (Dollars in millions) \begin{tabular}{ll} 2021 & 2020 \\ \hline \end{tabular} Assets Current assets: Cash and cash equivalents Receivables - trade and other Receivables - finance Prepaid expenses and other current assets Inventories Total current assets Property, plant and equipment - net Long-term receivables - trade and other Long-term receivables - finance Deferred income taxes Intangible assets Goodwill Other assets Total assets Liabilities Current liabilities: Short-term borrowings: Machinery, Energy \& Transportation Financial Products Accounts payable Accrued expenses Accrued wages, salaries and employee benefits Customer advances Dividends payable Other current liabilities $9,2549,352 Long-term debt due within one year: Machinery, Energy \& Transportation Financial Products Total current liabilities Long-term debt due after one year: Machinery, Energy \& Transportation Financial Products Liability for postemployment benefits Other liabilities Total liabilities Commitments and contingencies (Notes 21 and 22) \begin{tabular}{rr} 45 & 1,420 \\ 6,307 & 7,729 \\ \hline 29,847 & 25,717 \end{tabular} Shareholders' equity Common stock of $1.00 par value: Authorized shares: 2,000,000,000 Issued shares: (2021 and 2020-814,894,624 shares) at paid-in amount Treasury stock: (2021 - 279,006,573 shares; and 2020 269,590,777 shares) at cost Profit employed in the business (*) Accumulated other comprehensive income (loss) Noncontrolling interests Total shareholders' equity Total liabilities and shareholders' equity \begin{tabular}{cc} \hline \hline(27,643) & (25,178) \\ 39,282 & 35,167 \\ (1,553) & (888) \\ \hline 32 & 47 \\ \hline 16,516 & 15,378 \\ \hline$82.793 & $78.324 \\ \hline \end{tabular} See accompanying notes to Consolidated Financial Statements

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