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What is the par value of the common stock

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Reference no: EM131606315

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

2017

2016

Additional paid-in capital

$ 980

$ 819

Common stock

663

654

Retained earnings

7,250

5,300

Treasury stock

1,620

1,044

   Total stockholders' equity

$7,273

$5,729



Common stock shares issued

221

218

Common stock shares authorized

500

500

Treasury stock shares

36

29

(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, 2017, and at December 31, 2016?

(b) Prepare the stockholders' equity section at December 31, 2017.

Reference no: EM131606315

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