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Determine the number of treasury shares

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Reference no: EM132490734

A subsidiary of ABZ Inc. DEX Limited a mining company with operations in Asia, Latin America and Canada. The company's statement of changes in equity reported the following:

In millions (CDN.)              December 31, 2019                    December 31, 2018

Share Capital                         $4,975                                    $4,657

Share Premium                       3,227                                        460

Reserves                         (9,259)                                          (5,052)

Treasury Shares(141,639,159) and 128,227,971 shares)   (1,656) (1,586)

Retained Earnings            20,604                                        22,656

Total attributable to equity holders of parent 17,891             21,135

Noncontrolling interests        9,665                                     9,186

Total Equity                        $27,556                          $30,321

Required:

Question a) Consider the treasury share at December 31, 2019. At what average price did the company repurchase these shares?

Question b) Determine the number of treasury shares, net, the company acquired during 2019. At what average price did the company repurchases shares in 2019?

Question c) Did the company issue any new shares during the year? If so, what issue proceeds did it receive?

Question d) Des the company own 100% of the stock of all it's subsidiaries? How do you know?

Question e) Retained earnings decreased during 2019. Can we conclude the company reported a net loss for the year?

Reference no: EM132490734

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