Question
(Analysis of Equity Data and Equity Section Preparation) For a recent 2-year period, the balance sheet of Santana Dotson Company showed the following stockholders equity
(Analysis of Equity Data and Equity Section Preparation) For a recent 2-year period, the balance sheet of Santana Dotson Company showed the following stockholders equity data at December 31 (in millions).
| 2020 | 2019 | ||
| Additional paid-in capital | $931 | $817 | |
| Common stock | 545 | 540 | |
| Retained earnings | 7,167 | 5,226 | |
| Treasury stock | 1,564 | 918 | |
| Total stockholders equity | $7,079 | $5,665 | |
| Common stock shares issued | 218 | 216 | |
| Common stock shares authorized | 500 | 500 | |
| Treasury stock shares | 34 | 27 |
Instructions
a. Answer the following questions.
1. What is the par value of the common stock?
2. What is the cost per share of treasury stock at December 31, 2020, and at December 31, 2019?
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Financial Accounting A Critical Approach
Authors: John Friedlan
4th edition
1259066525, 978-1259066528
