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What is the par value of the common stock

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Reference no: EM132058569

Problem - 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.

2007 2006

Additional paid-in capital $ 931 $ 817

Common stock-par 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, 2007, and at December 31, 2006?

(b) Prepare the stockholders' equity section at December 31, 2007.

Reference no: EM132058569

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