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What is the par value of the common stock

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

2017

2016

Additional paid-in capital

$ 890

$ 813

Common stock

675

663

Retained earnings

7,190

5,270

Treasury stock

1,880

896

   Total stockholders' equity

$6,875

$5,850

 

Common stock shares issued

225

221

Common stock shares authorized

500

500

Treasury stock shares

40

28

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, 2017, and at December 31, 2016?

Prepare the stockholders' equity section at December 31, 2017.

Reference no: EM131756511

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