Business, 29.05.2020 17:57, vanessa051266

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

2020 2019
Additional paid-in capital $890 $844
Common stock 545 540
Retained earnings 7,210 5,230
Treasury stock 1,833 957
Total stockholders’ equity $6,812 $5,657
Common stock shares issued 218 216
Common stock shares authorized 500 500
Treasury stock shares 39 29

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?
3) Prepare the stockholder's equity section at December 31, 2020.

Answers: 2

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For a recent 2-year period, the balance sheet of Carla Company showed the following stockholders’ eq...