Question: For a recent 2-year period, the statement of financial position of Jones Company showed the following equity data at December 31 in millions. Instructions (a)

For a recent 2-year period, the statement of financial position of Jones Company showed the following equity data at December 31 in millions.

Instructions
(a) Answer the following questions.
(1) What is the par value of the ordinary shares?
(2) What is the cost per treasury share at December 31, 2011, and at December 31, 2010?
(b) Prepare the equity section at December 31,2011.

2010 $ 817 540 5,226 (918) $5,665 2011 Share premium-ordinary Share capital-ordinary Retained earnings Treasury shares S 891 545 7,167 (1,428) $7,175 Total equity Ordinary shares issued Ordinary shares authorized Treasury shares 218 500 34 216 500 27

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