Following is the equity section of Coca-Co la Company balance sheet for the fisc
ID: 2432774 • Letter: F
Question
Following is the equity section of Coca-Co la Company balance sheet for the fiscal quarter ended April 1, 2016. COCA-COA COMPANY SHAREOWNERSNEQU In millions, except par value Common stock, $0.25 par value; Authorized -11,200 shares Apr. 01 2016 Dec31, 2015 ..1,760 $ 1,760 14,016 65,018 (10,789) (10,174) 14,507 64,985 Reinvested earnings. . . . Accumulated other comprehensive income (oss).. . .. . . Treasury stock, at cost-2,708 and 2,716 shares, respectively.... ..(45,549) 45,066) 25,554 210 24,914 $25,764 . How much additionalcommon stock did Coca-Cola issue during the first quarter of 2016?Explanation / Answer
In the first quarter of 2016 we can see
that Coca cola company has not issued anny additional common stock
this can be explained as follows:
We see that authorised share capital is 11,200 shares
The issued shares are 7,040 shares in both the years
meaning the number of shares issued remains same through the three months
therefore no additional common stock was issued by coca cola company in first quarter of 2016