Question: please see the doc i have attached for the question i need help with. For a recent 2-year period, the balance sheet of Blossom Company

please see the doc i have attached for the question i need help with.

please see the doc i have attached for the question i need

For a recent 2-year period, the balance sheet of Blossom Company showed the following stockholders' equity data at December 31 (in millions). 2017 Additional paid-in capital 2016 $ 980 $ 819 663 654 Retained earnings 7,250 5,300 Treasury stock 1,620 1,044 $7,273 $5,729 Common stock shares issued 221 218 Common stock shares authorized 500 500 36 29 Common stock Total stockholders' equity Treasury stock shares (a) Answer the following questions. (1) What is the par value of the common stock? (Round par value to 2 decimal places, e.g. $3.15.) $ Par value of common stock (2) What is the cost per share of treasury stock at December 31, 2017, and at December 31, 2016? December 31, 2017 December 31, 2016 Cost per share of Treasury stock $ $ (b) Prepare the stockholders' equity section at December 31, 2017. (Enter account name only and do not provide descriptive information.) Blossom Company Balance Sheet (in millions of dollars) (Partial) $ : $

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!