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Exercise 15-10 For a recent 2-year period, the balance sheet of Sheridan Company showed the following stockholders' equity data at December 31 (in...

Exercise 15-10

For a recent 2-year period, the balance sheet of Sheridan Company showed the following stockholders' equity data at December 31 (in millions).


2017

2016

Additional paid-in capital$ 900$ 831Common stock651642Retained earnings7,2105,240Treasury stock1,7551,008   Total stockholders' equity$7,006$5,705 Common stock shares issued217214Common stock shares authorized500500Treasury stock shares3928

(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.)


Sheridan Company

Balance Sheet (in millions of dollars) (Partial)

 

Additional Paid-in Capital

Current Assets

Current Liabilities

Intangible Assets

Long-term Investments

Long-term Liabilities

Paid-in Capital

Property, Plant and Equipment

Stockholders' Equity

Total Assets

Total Current Assets

Total Current Liabilities

Total Intangible Assets

Total Liabilities

Total Liabilities and Stockholders' Equity

Total Long-term Investments

Total Long-term Liabilities

Total Paid-in Capital

Total Paid-in Capital and Retained Earnings

Total Property, Plant and Equipment

Total Stockholders' Equity

 

Additional Paid-in Capital

Current Assets

Current Liabilities

Intangible Assets

Long-term Investments

Long-term Liabilities

Paid-in Capital

Property, Plant and Equipment

Stockholders' Equity

Total Assets

Total Current Assets

Total Current Liabilities

Total Intangible Assets

Total Liabilities

Total Liabilities and Stockholders' Equity

Total Long-term Investments

Total Long-term Liabilities

Total Paid-in Capital

Total Paid-in Capital and Retained Earnings

Total Property, Plant and Equipment

Total Stockholders' Equity


$

    

Additional Paid-in Capital    

Current Assets    

Current Liabilities    

Intangible Assets    

Long-term Investments    

Long-term Liabilities    

Paid-in Capital    

Property, Plant and Equipment    

Stockholders' Equity    

Total Assets    

Total Current Assets    

Total Current Liabilities    

Total Intangible Assets    

Total Liabilities    

Total Liabilities and Stockholders' Equity    

Total Long-term Investments    

Total Long-term Liabilities    

Total Paid-in Capital    

Total Paid-in Capital and Retained Earnings    

Total Property, Plant and Equipment    

Total Stockholders' Equity    


    

Additional Paid-in Capital    

Current Assets    

Current Liabilities    

Intangible Assets    

Long-term Investments    

Long-term Liabilities    

Paid-in Capital    

Property, Plant and Equipment    

Stockholders' Equity    

Total Assets    

Total Current Assets    

Total Current Liabilities    

Total Intangible Assets    

Total Liabilities    

Total Liabilities and Stockholders' Equity    

Total Long-term Investments    

Total Long-term Liabilities    

Total Paid-in Capital    

Total Paid-in Capital and Retained Earnings    

Total Property, Plant and Equipment    

Total Stockholders' Equity    




    

Additional Paid-in Capital    

Current Assets    

Current Liabilities    

Intangible Assets    

Long-term Investments    

Long-term Liabilities    

Paid-in Capital    

Property, Plant and Equipment    

Stockholders' Equity    

Total Assets    

Total Current Assets    

Total Current Liabilities    

Total Intangible Assets    

Total Liabilities    

Total Liabilities and Stockholders' Equity    

Total Long-term Investments    

Total Long-term Liabilities    

Total Paid-in Capital    

Total Paid-in Capital and Retained Earnings    

Total Property, Plant and Equipment    

Total Stockholders' Equity    


 

Add

Less


    

Additional Paid-in Capital    

Current Assets    

Current Liabilities    

Intangible Assets    

Long-term Investments    

Long-term Liabilities    

Paid-in Capital    

Property, Plant and Equipment    

Stockholders' Equity    

Total Assets    

Total Current Assets    

Total Current Liabilities    

Total Intangible Assets    

Total Liabilities    

Total Liabilities and Stockholders' Equity    

Total Long-term Investments    

Total Long-term Liabilities    

Total Paid-in Capital    

Total Paid-in Capital and Retained Earnings    

Total Property, Plant and Equipment    

Total Stockholders' Equity    

$

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