The preferred stock has 557,740 shares authorized, with a par value of $100. At December 31 of the current year, 557,649 shares of preferred are issued and 546,024 shares are outstanding. There are 1.8 billion shares of $1 par value common stock authorized, of which 924.6 million are issued and 844.8 million are outstanding at December 31.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The stockholders’ equity section of Aluminum Company of America (Alcoa) showed the following (in alphabetical order): additional paid-in capital $6,101, common stock $925, preferred stock $56, retained earnings $7,428, and treasury stock 2,828. All dollar data are in millions.

The preferred stock has 557,740 shares authorized, with a par value of $100. At December 31 of the current year, 557,649 shares of preferred are issued and 546,024 shares are outstanding. There are 1.8 billion shares of $1 par value common stock authorized, of which 924.6 million are issued and 844.8 million are outstanding at December 31.

Prepare the stockholders’ equity section of the current year. (Enter amounts in millions. Enter the account name only and do not provide the descriptive information provided in the question.)

ALUMINUM COMPANY OF AMERICA
Balance Sheet (Partial)
choose the accounting period                                                           
select an opening section name                                                           
     
select an opening subsection name                                                           
     
select an opening name of subordinate part of this subsection                                                           
     
enter a balance sheet item
  $enter a dollar amount   
enter a balance sheet item
  enter a dollar amount  
select a closing name of subordinate part of this subsection                                                           
  enter a subtotal of the two previous amounts  
select a balance sheet item                                                           
  enter a dollar amount  
select a closing subsection name                                                           
  enter a total amount for this subsection  
enter a balance sheet item
  enter a dollar amount  
select a summarizing line for this part of the statement                                                           
  enter a subtotal amount for this part of the statement  
select between addition and deduction                                                           : enter a balance sheet item 
  enter a dollar amount  
select a closing section name                                                           
 
$enter a total amount for this section 

 

 

please answer in balance sheet format

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