Chevron, the petroleum exploration, production, refining, and marketing company, presented the following in its September 30, 2011, balance sheet Common stock $ 75 par value, 2,442,676,580 shares issued Capital in excess of par value $15,110,000,000 What amount should be shown on the common stock l...

The common stock line should show 2442676580 75 1832 million note th ...

Chevron, the petroleum exploration, production, refining, and marketing company, presented the following in its September 30, 2011,

Question:

Chevron, the petroleum exploration, production, refining, and marketing company, presented the following in its September 30, 2011, balance sheet.
—$.75 2,442,676,580 shares issued ..........................?
Capital in excess of ................$15,110,000,000
What amount should be shown on the common stock line? What was the average price per share paid by the original investors for the Chevron common stock? How do your answers compare with the $100 market price of the stock in early 2012? Comment briefly.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...