Understanding real world annual reports Required Use the Topps Companys annual report in Appendix B to answer the following questions a Does Topps common stock have a par value, and if so how much is it b How many shares of Topps common stock were outstanding as of February 25, 2006 Do not forget t...

a The par value of Topps common stock is 01 according to its balance sheet ...

Understanding real-world annual reports Required Use the Topps Companys annual report in Appendix B to answer the

Question:

Understanding real-world annual reports
Required
Use the Topps Company’s annual report in Appendix B to answer the following questions.
a. Does Topps’ have a par value, and if so how much is it?
b. How many shares of Topps’ were outstanding as of February 25, 2006? Do not forget to consider treasury stock.
c. The dollar-value balance in Topps’ Treasury Stock account is larger than the balance in its Common Stock and Additional Paid-In-Capital accounts. How can this be?
d. How many members of Topps’ Board of Directors are also officers (employees) of the company as of February 25, 2006?
e. What was the highest and lowest price per share that Topps’ sold for during the fiscal year ending on February 25, 2006?

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...