For a recent 2-year period, the balance sheet of Sheridan 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 2025 $890 Cost per share of treasury stock 545 7,210 1,833 $6,812 218 500 39 2024 $844 540 5,230 957 $5,657 216 500 29 (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, 2025, and at December 31, 2024? December 31, 2025 December 31, 2024
For a recent 2-year period, the balance sheet of Sheridan 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 2025 $890 Cost per share of treasury stock 545 7,210 1,833 $6,812 218 500 39 2024 $844 540 5,230 957 $5,657 216 500 29 (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, 2025, and at December 31, 2024? December 31, 2025 December 31, 2024
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![For a recent 2-year period, the balance sheet of Sheridan 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
Par value of common stock $
2025
Cost per share of treasury stock
$890
545
$
7,210
1,833
218
500
2024
39
$844
$6,812 $5,657
540
5,230
957
216
(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.)
500
29
2. What is the cost per share of treasury stock at December 31, 2025, and at December 31, 2024?
December 31, 2025
$
December 31, 2024](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F901d62a1-991e-4285-bd43-97236e625e1e%2F6b45bb88-f823-4d21-998a-0f0faf262f76%2Fdier1ea_processed.png&w=3840&q=75)
Transcribed Image Text:For a recent 2-year period, the balance sheet of Sheridan 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
Par value of common stock $
2025
Cost per share of treasury stock
$890
545
$
7,210
1,833
218
500
2024
39
$844
$6,812 $5,657
540
5,230
957
216
(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.)
500
29
2. What is the cost per share of treasury stock at December 31, 2025, and at December 31, 2024?
December 31, 2025
$
December 31, 2024
![(b) Prepare the stockholders' equity section at December 31, 2025. (Enter account name only and do not provide descriptive information.)
Sheridan Company
Balance Sheet (in millions of dollars) (Partial)
559
$
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F901d62a1-991e-4285-bd43-97236e625e1e%2F6b45bb88-f823-4d21-998a-0f0faf262f76%2Fdu1hwts_processed.png&w=3840&q=75)
Transcribed Image Text:(b) Prepare the stockholders' equity section at December 31, 2025. (Enter account name only and do not provide descriptive information.)
Sheridan Company
Balance Sheet (in millions of dollars) (Partial)
559
$
$
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