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For a recent 2-year period the balance sheet of metal pro

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Reference no: EM13389997

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

2014 2013

Additional paid-in capital $ 2,861 $ 2,685

Common stock-par 1,538 1,512

Retained earnings 18,196 15,015

Treasury stock 400 595

Total stockholders' equity $22,195 $18,617

Common stock shares issued 769 756

Common stock shares authorized 1,500 1,500

Treasury stock shares 63 85

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, 2014, and at December 31, 2013?

(b) Prepare the stockholders' equity section at December 31, 2014.

Reference no: EM13389997

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