Facebook, Inc is a mobile application and Web site that enables people to connect, share, discover and communicate with each other. The company also owns Instagram, messenger, Whats App and Oculus.

1) Review Item 5 (Dividend Policy) of the 2015 annual report. https://s21.q4cdn.com/399680738/files/doc_financials/annual_reports/2015-Annual-Report.pdf (Links to an external site.)Links to an external site.

2) Review the balance sheet for Facebook. What is the par value of its Class A common shares?

3) Does Facebook have any treasury stock? How do you know?