Question

LLULIID UD VILI Exercise 11-25 A recent 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 and an annual $3.75 per share cumulative dividend 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 par value common stock authorized, of which 924.6 million are issued and 844.8 million are outstanding at December 31. Your answer is partially correct. Try again. Prepare the stockholders' equity section of the current year, including disclosure of all relevant data. (Enter amounts in millions. Enter the account name only and do not provide the descriptive information provided in the question.) ALUMINUM COMPANY OF AMERICA Balance Sheet (Partial) December 31 Stockholders' Equity Paid-in Capital Capital Stock Preferred Stock Common Stock 845 Total Capital Stock 899 TAdditional Paid-in Capital 6101 Total Paid-in Capital Jವದವದವದವದ 7000 Retained Earnings 7428 Total Paid-in Capital and Retained Earnings 14428 í Less Treasury Stock 2828 Total Stockholders' Equity 17256 LINK TO TEXT LINK TO TEXT

Answer 1

ALUMINUM COMPANY OF AMERICA
Balance Sheet (Partial)
December 31
Shareholder equity
Paid - in Capital
Capital stock:
Preferred Stock	$56
Common stock	$925
Total capital stock               [$56 + $925]	$981
Additional paid-in capital	$6,101
Total Paid-In Capital     [$981 + $6,101]	$7,082
Retained Earnings	$7,428
Total Paid-In Capital and Retained Earnings    [$7,082 + $7,428]	$14,510
Less: Treasury stock;	$2,828
Total Stockholders' Equity [$14,510 - $2,828]	$11,682