Question

For a recent 2-year period, the balance sheet of Santana Dotson Company showed the following stockholders' equity data at December 31 (in Millions). 2019 Additional pald-in capital Common stock Retained earnings Treasury stock Total stockholders' equity 2020 $ 931 545 7.167 1,564 $7,079 $ 817 540 5,226 918 $5,665 218 216 Common stock shares issued Common stock shares authorized Treasury stock shares (a) Answer the following questions. (1) What is the par value of the common stock? (Round par value to 2 decimal places, e.g. $3.15.) Par value of common stocks (2) What is the cost per share of treasury stock at December 31, 2020, and at December 31, 2019 December 31, 2020 December 31, 2019 Cost per share of Treasury stocks (6) Prepare the stockholders' equity section at December 31, 2020. (Enter account name only and do not provide descriptive information Santana Dotson Company

Answer 1

1. Par value = 545/218 = 2.5

2.Cost per share of treasury stock

Dec 31,2020 = 1,564/34 = 46

Dec 31,2019 = 918/27 =34

3.

SANTANA DOTSON COMPANY
Balance Sheet (in Million of Dollars)(Partial)
Stockholders Equity
paid in Capital
Common Stock	545.00
Additional Paid in Capital	931.00
Total Paid in Capital	1,476.00
Retained Earnings	7,167.00
Total Paid in Capital and Retained Earnings	8,643.00
Less:Treasury Stock	1,564.00
Total	7,079.00