Chapter 13, Problem 13.2BYP

(a)

To determine

Common Stock: A category of ownership in a company that has the last right on the earnings of that company as the left out portion of earnings is attributed to these stockholders.

Treasury Stock: The portion of common stock held by company itself is called treasury stock. It is usually the result of buyback or repurchase of shares or the left out portion of common shares that was not issued to public.

To identify: The par or stated value of common stock for Company C and P.

(b)

To determine

To compute: The percentage of authorized common stock issued at the end of 2013.

(c)

To determine

To identify: The number of shares held as treasury stock by Company C and Company P at the end of 2013.

(d)

To determine

The outstanding common shares of Company C and P at the end of 2013 accounting period.