Enabled Exam 4 ch 10 & 12 (Total assets, total liabilities, and total stockholder' equity do not change as a result of a stock dividend True or False

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Adjusting for Negative Equity Phillip Morris reported the following information in its 2018 Form 10-K. $ millions Stockholders' (Deficit) Equity Common stock, no par value (2,109,316,331 shares issued in 2018 and 2017) Additional paid-in capital Earnings reinvested in the business Accumulated other comprehensive losses Total stockholders' equity before treasury stock Less: cost of repurchased stock (554,736,610 and 556,098,569 shares in 2018 and 2017, respectively) Total PMI stockholders' deficit Noncontrolling interests Total stockholders' deficit Net earnings Net earnings attributable to noncontrolling interests Net earnings attributable to PMI $ Numerator $ Dec. 31, 2018 Dec. 31, 2017 $0 2,715 43,420 (14,155) 31,980 a. Compute ROE for 2018 using the equity numbers as reported. Note: 1. Select the appropriate numerator and denominator used to compute ROE from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute ROE. Denominator ROE ◆ 49,421 (17,441)…

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