In a recent year, the stockholders' equit) section of Aluminum Company of America (Alcoa) showed the following

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In a recent year, the stockholders' equit) section of Aluminum Company of America (Alcoa) showed the following (in alphabetical order): additional paid-in capital $6.101. common stock $925, preferred stock $56, retained earnings $7,428, and treasury stock $2.82Instructions

(a) Prepare the stockholders' equity section, including disclosure of all relevant data.

(b) Compute the book value per share of common stock, assuming there are no preferred dividends in arrears. (Round to two decimals.)

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Financial Accounting Text Only

ISBN: 9780006575405

5th Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

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