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 amount millions.) Equity Attributes to Disney Common Retained Treasury Total Shares Stock Earnings AOCILJ Stock Disney Equity Balance at September 28, 2013 1,773 $ 33,440 S 47,758 5 (1,187) S34,582) S 45,429 Comprehensive income 8,612 858 7,754 Equity compensation activity 29 844 844 Common stock repurchases (92) 0,638) Dividends 17 (1,525) (1,5OR) Contributions Distributions and other Balance at September 27, 2014 1,706 S 34301S S4845 S (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 0 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. Balance Sheet Income Statement
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 amount millions.) Equity Attributes to Disney Common Retained Treasury Total Shares Stock Earnings AOCILJ Stock Disney Equity Balance at September 28, 2013 1,773 $ 33,440 S 47,758 5 (1,187) S34,582) S 45,429 Comprehensive income 8,612 858 7,754 Equity compensation activity 29 844 844 Common stock repurchases (92) 0,638) Dividends 17 (1,525) (1,5OR) Contributions Distributions and other Balance at September 27, 2014 1,706 S 34301S S4845 S (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 0 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. Balance Sheet Income Statement
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
Common Retained
Treasury
Total
Shares Stock Earnings AOCI(L)* Stock Disney Equity
Balance at September 28, 2013
1,773 $ 33,440$ 47,758 $ (1,187) 5(34,582) s
45,429
Comprehensive income
8,612
858
7,754
Equity compensation activity
Common stock repurchases
29
844
844
(92)
(7,638)
(7,638)
Dividends
17
(1,525)
(1,508)
Contributions
Distributions and other
Balance 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 o
million additional common shares in fiscal year 2014.
b. What was Disney's total comprehensive income in 2014? $ 0
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.
Balance Sheet
Income Statement
Noncash
Contrib.
Earned
Contra
- Liabilities+
Revenues. Expenses
- Net Income
Transaction
Purchased treasury shares
Cash Asset + Asset
Capital
Capital
-Equity
0+
0+
0+
Prepare the journal entry and post to the related T-accounts.
General Journal
Description
Credit
Debit
t
Cash
Additional Paid in Capital
Treasury Stock
Common Stock
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