8. The stockholders’ equity section of Aluminum Company of America (Alcoa) showe

Question

8. 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 $55, retained earnings $7,428, and treasury stock 2,828. All dollar data is 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 31st 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 31st. Directions Prepare the stockholders’ equity section for Alcoa for the current year, including disclosure of all relevant data.

Explanation / Answer

Shareholders' Equity In Millions $ preferred stock par 100/share: 557,740 shares authorized 557,649 shares Issued               55.76 546,024 shares outstanding common stock par 1/share: 1.8 billion shares authorised 924.6 million at 1 per share            924.60 844.8 million shares outstanding Additional paidin capital in excess of par         6,101.00 retained earnings         7,428.00 Less: treasury stock      (2,828.00) Total Shareholders' Equity      11,681.36

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