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 5...

ALUMINUM COMPANY OF AMERICA Stockholders equity in millions ...

The stockholders equity section of Aluminum Company of America (Alcoa) showed the following (in alphabetical order): additional

Question:

The stockholders’ equity section of Aluminum Company of America (Alcoa) showed the following (in alphabetical order): additional paid-in capital $6,101, $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 of $100 and an annual $3.75 per share cumulative preference. At December 31 of the current year, 557,649 shares of preferred are issued and 546,024 shares are outstanding. There are 1.8 billion shares of $1 authorized, of which 924.6 million are issued and 844.8 million are outstanding at December 31.

Instructions
Prepare the stockholders’ equity section of the current year, including disclosure of all relevant data.

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... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their... 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,...