in a recent year, the stockholders’ equity section of aluminum company of america (alcoa) showed the following (in alphabetical order): additional paid-in capital $6,101, common stock $925, preferred

Project Description:

in a recent year, the stockholders’ equity section of aluminum company of america (alcoa) showed the following (in alphabetical order): additional paid-in capital $6,101, common stock $925, preferred stock $55, retained earnings $7,428, and treasury stock $2,828. all dollar data are in millions.

the preferred stock has 557,740 shares authorized, with a par value of $100 and an annual $3.75 per share cumulative dividend preference. at december 31, 557,649 shares of preferred are issued and 546,024 shares are outstanding. there are 1.8 billion shares of $1 par value common stock authorized, of which 924.6 million are issued and 844.8 million are outstanding at december 31.
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