Equity Accounts. Rework the table. Suppose that Fedex now issues 2 million shares at $250 a share....

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Accounting

Equity Accounts.
Rework the table. Suppose that Fedex now issues 2million shares at $250 a share. Which of the figures wouldchange?
What would happen to table if instead FedEx bought back2 million shares at $150 per share?
Common shares ($.10 par value per share)
32
Additional paid-in capital
3,085
Retained earnings
23,710
Treasury shares at cost
(7,576)
Other
(357)
Net Common Equity
$18,894
Note:
Authorized shares (millions)
800
Issued shares. of which
318
outstanding shares
267
Treasury shares
51

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3.6 Ratings (539 Votes)

1 Issue 2 Million share Increase in Common Shares by 2 x 10 020 Million Increase in Additional paid in capital by 2 x 24990 49980 Million Increase in issued share by 2 Million Increase in outstanding See Answer

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Common shares ($.10 par value per share)	32
Additional paid-in capital	3,085
Retained earnings	23,710
Treasury shares at cost	(7,576)
Other	(357)
Net Common Equity	$18,894
Note:
Authorized shares (millions)	800
Issued shares. of which	318
outstanding shares	267
Treasury shares	51