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How many common shares are outstanding as of December

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Question - Assume the following is the stockholders' equity section of the 2016 Merck & Co., Inc., balance sheet.

Stockholders' Equity ($ millions2016Common stock, one cent par value; Authorized-5,400,000,000 shares; Issued-2,976,223,337 shares-2016$29.8Other paid-in capital6,900.0Retained earnings37,918.9Accumulated other comprehensive income52.344,901.0Less treasury stock, at cost; 794,299,347 shares-201626,984.4Total stockholders' equity$17,916.6

Required - How many common shares are outstanding as of December 31, 2016?

A. 5,400,000,000

B. 3,770,552,684

C. 2,181,923,990

D. 2,976,223,337

Reference no: EM132569381

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