FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
For a recent 2-year period, the balance sheet of Bramble 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 (a) Answer the following questions. 2025 Par value of common stock $ $900 663 7,200 1,764 221 500 2024 36 $810 654 $6,999 $5,878 5,310 896 218 500 28 1. What is the par value of the common stock? (Round par value to 2 decimal places, e.g. 3.15.)
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Transcribed Image Text:For a recent 2-year period, the balance sheet of Bramble 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 (a) Answer the following questions. 2025 Par value of common stock $ $900 663 7,200 1,764 221 500 2024 36 $810 654 $6,999 $5,878 5,310 896 218 500 28 1. What is the par value of the common stock? (Round par value to 2 decimal places, e.g. 3.15.)
2. What is the cost per share of treasury stock at December 31, 2025, and at December 31, 2024? Cost per share of treasury stock $ 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.) Bramble Company Balance Sheet (in millions of dollars) (Partial)
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Transcribed Image Text:2. What is the cost per share of treasury stock at December 31, 2025, and at December 31, 2024? Cost per share of treasury stock $ 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.) Bramble Company Balance Sheet (in millions of dollars) (Partial)
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