EQUIPMENT OPERATIONS
|
DEERE & COMPANY* |
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|
2007 |
2006 |
|
|
STOCKHOLDERS’ EQUITY |
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|
Common stock, $1 par value (authorized – 1,200,000,000* shares; |
2,777.00 |
2,203.50 |
|
Common stock in treasury, 96,795,090* shares in 2007 and |
4,015.40 |
2,673.40 |
|
Retained earnings |
9,031.70 |
7,886.80 |
|
Total |
7,793.30 |
7,416.90 |
|
Retirement benefits adjustment |
1,113.10 |
|
|
Minimum pension liability adjustment |
87.6 |
|
|
Cumulative translation adjustment |
479.4 |
150.3 |
|
Unrealized gain (loss) on derivatives |
7.6 |
6.8 |
|
Unrealized gain on investments |
3.8 |
4.8 |
|
Accumulated other comprehensive income (loss) |
637.5 |
74.3 |
|
Total stockholders’ equity |
7,155.80 |
7,491.20 |
Stock Split in Form of Dividend
On November 14, 2007, a special meeting of stockholders was held authorizing a two for one stock split effected in the form of a 100 percent stock dividend to holders of record on November 26, 2007, distributed on December 3, 2007. All share and per share data (except par value) have been adjusted to reflect the effect of the stock split for all periods presented. The number of shares of common stock issuable upon exercise of outstanding stock options, vesting of other stock awards, and the number of shares reserved for issuance under various employee benefit plans were proportionately increased in accordance with terms of the respective plans (see Notes 23 and 24).
Required
a. 1. How many shares of common stock had been issued as of October 31, 2006?
2. How many shares of common stock were outstanding as of October 31, 2006?
3. How many shares of common stock had been issued as of October 31, 2007?
4. How many shares of common stock were outstanding as of October 31, 2007?
b. Statement of Consolidated Income (in Part)
For the years ended October 31, 2006 and 2005:
|
Per share data |
2006 |
2005 |
|
Basic |
$6.23 |
$5.81 |
|
Discontinued operations |
1.03 |
0.14 |
|
Net income |
$7.26 |
$5.95 |
How will this per share data be presented on the October 31, 2007 statement?