M8-25. Stock and Treasury Stock Balances Following is the stockholders' equity section from the The Walt Disney Company balance sheet. Stockholders' equity, $ millions Sep. 29, 2018 Sep. 30, 2017 Preferred stock. $4 $ Common stock, $0.01 par value, Authorized-4.6 billion shares, Issued-2.9 billion shares Retained earnings Accumulated other comprehensive loss. 36,779 82,679 (3,097) 36,248 72,606 (3,528) Stockholders' Equity subtotal before Treasury Stock, Total. Treasury stock, at cost, 1.4 billion shares 116,361 105,326 (67,588) (64,011) Total Disney Shareholders' equity Noncontrolling interests 48,773 4,059 41,315 3,689 Total equity.. . . $ 52,832 $ 45,004 a. How many shares are issued at September 29, 2018? The par value of these shares is $0.01 per share Where is this information reported on the balance sheet? b. How many shares are outstanding at 2018 fiscal year-end? C. Determine the average price at which Disney issued its common stock. a. Use the treasury stock account to determine the average price Disney paid when it repurchased its common shares.

M8-25. Stock and Treasury Stock Balances Following is the stockholders' equity section from the The Walt Disney Company balance sheet. Stockholders' equity, $ millions Sep. 29, 2018 Sep. 30, 2017 Preferred stock. $4 $ Common stock, $0.01 par value, Authorized-4.6 billion shares, Issued-2.9 billion shares Retained earnings Accumulated other comprehensive loss. 36,779 82,679 (3,097) 36,248 72,606 (3,528) Stockholders' Equity subtotal before Treasury Stock, Total. Treasury stock, at cost, 1.4 billion shares 116,361 105,326 (67,588) (64,011) Total Disney Shareholders' equity Noncontrolling interests 48,773 4,059 41,315 3,689 Total equity.. . . $ 52,832 $ 45,004 a. How many shares are issued at September 29, 2018? The par value of these shares is $0.01 per share Where is this information reported on the balance sheet? b. How many shares are outstanding at 2018 fiscal year-end? C. Determine the average price at which Disney issued its common stock. a. Use the treasury stock account to determine the average price Disney paid when it repurchased its common shares.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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