Short Answer
Following is the stockholders' equity section of the 2016 Kellogg Company balance sheet. ($ in millions, except par value):
Required:
a. How many common shares are issued at year end 2016?
b. At what average price was the common stock issued as of 2016?
c. How many common shares are outstanding at year end 2016?
d. How many shares of treasury stock (net) did Kellogg acquire or retire or sell during 2016?
e. What average price did Kellogg acquire its treasury stock as of year-end 2016?
f. In general, what is accumulated other comprehensive income? List three items that affect this account.
g. What is noncontrolling interest?
Correct Answer:

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a. There were 420,472,901 common shares ...View Answer
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