For a recent 2-year period, the balance sheet of Santana Dotson Company showed the following stockholders’ equity data at December 31 (in millions). 00 020200 0000 020190 Additional paid-in capital $ 931 $ 817 Common stock 545 540 Retained earnings 7,167 5,226 Treasury stock 01,564 .00918 00Total 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? b. Prepare the stockholders’ equity section at December 31, 2020.

For a recent 2-year period, the balance sheet of Santana Dotson Company showed the following stockholders’ equity data at December 31 (in millions). 00 020200 0000 020190 Additional paid-in capital...

For a recent 2-year period, the balance sheet of Santana Dotson Company showed the following stockholders’ equity data at December 31 (in millions).

00	020200	0000	020190
Additional paid-in capital	$ 931	$ 817
Common stock	545	540
Retained earnings	7,167	5,226
Treasury stock	01,564	.00918
00Total stockholders’ equity	$7,079	$5,665
Common stock shares issued	218	216
Common stock shares authorized	500	500
Treasury stock shares	34	27

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?

b. Prepare the stockholders’ equity section at December 31, 2020.

Jun 09, 2022