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.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 20BEA: The income statement, statement of retained earnings, and balance sheet for Somerville Company are...
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Question
100%
For a recent 2-year period, the balance sheet of Santana Dotson Company showed the following
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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