(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.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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For a recent 2-year period, the balance sheet of Corona
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
Par value of common stock
$960
540
7,230
1,824
$6,906
216
Cost per share of Treasury stock $
500
38
2019
$825
535
5,270
868
$5,762
214
500
28
(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.)
mpany
(2) What is the cost per share of treasury stock at December 31, 2020, and at December 31, 2019?
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.)
Coronado Company
Balance Sheet (in millions of dollars) (Partial)
Transcribed Image Text:For a recent 2-year period, the balance sheet of Corona 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 Par value of common stock $960 540 7,230 1,824 $6,906 216 Cost per share of Treasury stock $ 500 38 2019 $825 535 5,270 868 $5,762 214 500 28 (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.) mpany (2) What is the cost per share of treasury stock at December 31, 2020, and at December 31, 2019? 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.) Coronado Company Balance Sheet (in millions of dollars) (Partial)
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