For a recent 2-year period, the balance sheet of Metal Pro Company showed the following stockholders' equity data at December 31, in millions.
2014 2013
Additional paid-in capital $ 2,861 $ 2,685
Common stock-par 1,538 1,512
Retained earnings 18,196 15,015
Treasury stock 400 595
Total stockholders' equity $22,195 $18,617
Common stock shares issued 769 756
Common stock shares authorized 1,500 1,500
Treasury stock shares 63 85
Instructions
(a) Answer the following questions.
(1) What is the par value of the common stock?
(2) What is the cost per share of treasury stock at December 31, 2014, and at December 31, 2013?
(b) Prepare the stockholders' equity section at December 31, 2014.