The financial statements of Home Depot, Inc., appear in Appendix A of this text. These statements contain
Question:
a. What is the par value of the company’s common stock? Did the common stock originally sell at, above, or below par value? How do you know this?
b. For the most current year shown, how many shares of common stock are authorized? What is the meaning of “authorized shares”?
c. What is the total stockholders’ equity amount for Home Depot for the most recent year reported? Does this figure mean that the total outstanding stock is actually worth this amount? Explain your answer.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
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a The par value is 05 per share The common stock originally sold above par value beca...View the full answer
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Related Book For 
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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