For a recent 2-year period, the balance sheet of Santana Dotson Company showed the following stockholders’ equity data at December 31 (in millions). 00 020200 0000 020190 Additional paid-in capital $ 931 $ 817 Common stock 545 540 Retained earnings 7,167 5,226 Treasury stock 01,564 .00918 00Total stockholders’ equity $7,079 $5,665 Common stock shares issued 218 216 Common stock shares authorized 500 500 Treasury stock shares 34 27 Instructions a. Answer the following questions. 1. What is the par value of the common stock? 2. What is the cost per share of treasury stock at December 31, 2020, and at December 31, 2019? b. Prepare the stockholders’ equity section at December 31, 2020.
For a recent 2-year period, the balance sheet of Santana Dotson Company showed the following stockholders’ equity data at December 31 (in millions). 00 020200 0000 020190 Additional paid-in capital $ 931 $ 817 Common stock 545 540 Retained earnings 7,167 5,226 Treasury stock 01,564 .00918 00Total stockholders’ equity $7,079 $5,665 Common stock shares issued 218 216 Common stock shares authorized 500 500 Treasury stock shares 34 27 Instructions a. Answer the following questions. 1. What is the par value of the common stock? 2. What is the cost per share of treasury stock at December 31, 2020, and at December 31, 2019? b. Prepare the stockholders’ equity section at December 31, 2020.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
100%
For a recent 2-year period, the
| 00 | 020200 | 0000 | 020190 |
| Additional paid-in capital |
$ 931
|
$ 817
|
|
| Common stock |
545
|
540
|
|
|
7,167
|
5,226
|
||
|
01,564
|
.00918
|
||
| 00Total stockholders’ equity |
$7,079
|
$5,665
|
|
| Common stock shares issued |
218
|
216
|
|
| Common stock shares authorized |
500
|
500
|
|
| Treasury stock shares |
34
|
27
|
Instructions
a. Answer the following questions.
1. What is the par value of the common stock?
2. What is the cost per share of treasury stock at December 31, 2020, and at December 31, 2019?
b. Prepare the stockholders’ equity section at December 31, 2020.
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