Is there a line item for preferred stock under the stockholders’ equity section of the consolidated balance sheet (statement of financial position)?

The objective of this starter discussion question is to cover the concepts related to the Week 4 Stockholders’ Equity Section of the Balance Sheet assignment.  The consolidated balance sheets for the companies in Appendices A, B, C, and D can be used to answer the questions below. Please note substantive responses do not repeat the same information for the same corporation previously posted by another student.

Appendix A – Apple, Inc.

Appendix B – Columbia Sportswear Company

Appendix C – VF Corporation

Appendix D- Amazon Corporation

Another option is to access the most current annual report on the Internet for your current or former employer organization. If your employer organization is not a publicly traded company, you have the option to access the annual report for another publicly traded company. The annual reports are usually located in the Investors Relations or Company Information sections of a company’s website. Use the audited financial statements in the annual report instead of the unaudited financial statements that appear on Yahoo, Morningstar and other sites. The audited financial statements usually appear at the end of the report. Look for the independent auditor’s report and Notes to the Consolidated Financial Statements. The audited financial statements are with these two documents.

The response will include the name of the company, the date of the annual report you accessed and the website address for the balance sheet that appears in the annual report. If applicable, identify the parent company and subsidiary companies.

Questions

Is there a line item for preferred stock under the stockholders’ equity section of the consolidated balance sheet (statement of financial position)? If so, please response to the following questions. Please note that preferred stock may not appear on the selected corporation’s balance sheet.

• If so, what is the number of authorized shares, number of issued shares, and number of outstanding shares for preferred stock?
• What is the par value for the preferred stock?
• What is the dollar amount of preferred stock reported?

In regards to the common stock reported in the stockholders’ equity section.

• What is the par value per share of common stock?
• How many shares of common stock are reported as authorized, issued and outstanding?
• What is the dollar amount of common stock reported on the balance sheet?

Reference

Kimmel, P. D. (2016). Financial accounting: Tools for business decision making. Retrieved from VitalSource Bookshelf.