100 Analyzing and Computing Issue Price and Shares Outstanding Following is the stockholders' equity section from Public Storage's 2018 balance sheet. 101 102 103 (in thousands, except share data) 104 December 31, 2018 105 106 107 $4,025,000 108 109 Preferred Shares. $0.01 par value, 100,000,000 shares authorized, 161,000 shares issued and outstanding Common Shares, $0.10 par value, 650,000,000 shares authorized, 174,130,881 shares issued and outstanding Paid-in capital. Accumulated deficit Accumulated other comprehensive loss. Total Public Storage shareholders' equity Noncontrolling interests Total equity 110 F 17,413 5,718,485 (577,360) (64,060) 9.119,478 25,250 $9,144,728 112 113 115 116 118 119 120 121 122 123 a. Show the computation to derive the $17.413 thousand for common stock. h. At what average price has Public Storage issued ils common stock? C. At what average price has the company issued its preferred shares? d. The company reports Accumulated deficit of $(577,360). What would this account be called if the balance was positive rather than negative? e. Public Storage has reported more than $1 billion in net income in each of the past five years. Given this, what are two plausible reasons for the accumulated deficit? No alai Applying New Lease Accounting Standards for Operating Leases On January 1 of the current year, CCH Corporation entered into the following lease contract. Based on the facts, CCH Corporation classifies the lease as an operating lease. The company has a 5% cost of debt capital. Do Leased asset: Office space. Annual lease payment: $115,487 due at each year-end. Lease term: 5 years. Upfront fees: $10,000 paid in cash. Required Explain how the facts support the classification of the lease as an operating lease. b. Determine the amount of the lease liability that CCH will add to its balance sheet at the inception of the lease. c. What amount will be added to the balance sheet as an asset? What will CCH Corporation call the asset on the balance sheet? d. Prepare a lease amortization schedule that shows the interest and principal portions of each lease payment Capitalize the Lease Athru, chantal sh Syears