I need the answer as soon as possible Interpreting Information in the Statement of Shareholders' EquityThe 2014 statement of stockholders' equity for Walt Disney Co. is presented below. (Disney includes both par value and additional paid-in capital under the heading "Common Stock." Noncontrolling interests have been excluded for simplicity. All amounts inmillions.)Equity Attributes to DisneyCommon RetainedTreasuryTotalShares Stock Earnings AOCI(L)* Stock Disney EquityBalance at September 28, 20131,773 $ 33,440$ 47,758 $ (1,187) 5(34,582) s45,429Comprehensive income8,6128587,754Equity compensation activityCommon stock repurchases29844844(92)(7,638)(7,638)Dividends17(1,525)(1,508)ContributionsDistributions and otherBalance at September 27, 2014 1,706 $ 34,301 $ 54,845 $ (2,045) s(42,220) $44,881*Accumulated Other Comprehensive Income (Loss)a. Did Disney issue any additional common shares in fiscal year 2014 (ending on September 27, 2014?Disney issued omillion additional common shares in fiscal year 2014.b. What was Disney's total comprehensive income in 2014? $ 0millionc. Show how Disney recorded the purchase of treasury shares in 2014 using the financial statement effects template.Remember to use a negative sign with your answers, when appropriate.Balance SheetIncome StatementNoncashContrib.EarnedContra- Liabilities+Revenues. Expenses- Net IncomeTransactionPurchased treasury sharesCash Asset + AssetCapitalCapital-Equity0+0+0+Prepare the journal entry and post to the related T-accounts.General JournalDescriptionCreditDebittCashAdditional Paid in CapitalTreasury StockCommon Stock

Journal entry - It refers to the process where the business transactions are recorded in the books…

Interpreting Information in the Statement of Shareholders' Equity The 2014 statement of stockholders' equity for Walt Disney Co. is presented below. (Disney includes both par value and additional paid-in capital under the heading "Common Stock." Noncontrolling interests have been excluded for simplicity. All amounts in millions.) Equity Attributes to Disney Treasury Common Retained Total Shares Stock Earnings AOCILJ Stock Disney Equity Balance at September 28, 2013 1,773 $ 33,440 s 47,758 S (1,187) $(34,582) s 45,429 Comprehensive income 8,612 858 7,754 Equity compensation activity Common stock repurchases Dividends 29 844 844 (92) 7,638) 7,638) (1,525) (1,508) 17 Contributions Distributions and other Balance at September 27, 2014 1,706 S 34,301 S 54,845s 2,045) S(42.220)s 44881 *Accumulated Other Comprehensive Income (Loss) a. Did Disney issue any additional common shares in fiscal year 2014 (ending on September 27, 2014? Disney issued o million additional common shares in fiscal year 2014. b. What was Disney's total comprehensive income in 2014? S O million c. Show how Disney recorded the purchase of treasury shares in 2014 using the financial statement effects template. Remember to use a negative sign with your answers, when appropriate. Income Statement Balance Sheet Contrib. Liabilities. Capital Noncash Earned Contra Cash Asset Asset Revenues. Expenses - Net Income Transaction Purchased treasury shares Capital Equity Prepare the journal entry and post to the related T-accounts. General Journal Description Debit Credit Additional Paid in Capital Cash Treasury Stock Common Stock

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter11: Stockholders' Equity

Section: Chapter Questions

Problem 11.16E