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 $56, 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. 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 par value common stock authorized, of which 924.6 million are issued and 844.8 million are outstanding ant December 31.
Instructions
Prepare the stockholders' equity section of the current year, including disclosure of all relevant data.
Solution
Aluminum Company
Balance Sheet(Partial)
Balance Sheet(Partial)
