For a recent 2-year period, the balance sheet of Riverbed Company showed the following stockholders' equity data at December 31 (in millions). Additional paid-in capital Common stock Retained earnings Treasury stock Total stockholders' equity Common stock shares issued Common stock shares authorized Treasury stock shares 2020 $920 651 7,230 1,596 $7.205 217 500 38 2019 $825 639 5,310 930 $5.844 213 500 30
For a recent 2-year period, the balance sheet of Riverbed Company showed the following stockholders' equity data at December 31 (in millions). Additional paid-in capital Common stock Retained earnings Treasury stock Total stockholders' equity Common stock shares issued Common stock shares authorized Treasury stock shares 2020 $920 651 7,230 1,596 $7.205 217 500 38 2019 $825 639 5,310 930 $5.844 213 500 30
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
please answer within the format by providing formula the detailed working
Please provide answer in text (Without image)
Please provide answer in text (Without image)
Please provide answer in text (Without image)
Transcribed Image Text:(a) Answer the following questions.
(1) What is the par value of the common stock? (Round par value to 2 decimal places, e.g. $3.15.)
Par value of common stock
(2) What is the cost per share of treasury stock at December 31, 2020, and at December 31, 2019?
Cost per share of Treasury stock $
December 31, 2020
$
December 31, 2019
(b) Prepare the stockholders' equity section at December 31, 2020. (Enter account name only and do not provide descriptive information.)
Riverbed Company
Balance Sheet (in millions of dollars) (Partial)
Transcribed Image Text:For a recent 2-year period, the balance sheet of Riverbed Company showed the following stockholders' equity data at December 31 (in
millions).
Additional paid-in capital
Common stock
Retained earnings
Treasury stock
Total stockholders' equity
Common stock shares issued
Common stock shares authorized
Treasury stock shares
2020
$920
651
7,230
1,596
$7,205
217
500
38
2019
$825
639
5,310
930
$5.844
213
500
30
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