Reference no: EM132654381
Question - For a recent 2-year period, the balance sheet of Concord Company showed the following stockholders' equity data at December 31 (in millions).
2020 2019
Additional paid-in capital $970 $831
Common stock 550 545
Retained earnings 7,160 5,290
Treasury stock 1,739 868
Total stockholders' equity $6,941 $5,798
Common stock shares issued 220 218
Common stock shares authorized 500 500
Treasury stock shares 37 28
Required -
(a) (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?
(b) Prepare the stockholders' equity section at December 31, 2020.
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