Accounting Relationships
A. The beginning balance of Net, Plant, Property, and Equipment was $250 million. During the year, capital expenditures were $75 million and depreciation expense was $45 million. In addition, the company sold $2 million of idle equipment as scrap. What is the ending balance of Net, Plant, Property, and Equipment?
B. Stockholders' equity was $843 million at the beginning of the year. During the year, the company generated $78 million of net income and paid dividends of $33 million. If the ending Stockholders' Equity balance is $778 million, what dollar amount of shares were repurchased throughout the year?