Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Following is the stockholders' equity section from the The Walt Disney Company balance sheet. Stockholders' Equity ($ millions) Sep. 29, 2018 Sep. 30, 2017 Preferred

image text in transcribed

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 $0 $0 Common stock, $0.01 par value, Authorized -4,600 shares, Issued -2,900 shares 36,779 36,248 Retained earnings 82,679 72,606 Accumulated other comprehensive loss (3,097) (3,528) Stockholders' Equity subtotal before Treasury Stock, Total 116,361 105,326 Treasury stock, at cost, 1,400 shares (67,588) (64,011) Total Disney Shareholders' equity 48,773 41,315 Noncontrolling interests 4,059 3,689 Total equity $52,832 $45,004 (a) How many shares are issued at September 29, 2018? million (b) How many shares are outstanding at 2018 fiscal year-end? million shar outstanding (c) Determine the average price at which Disney issued its common stock. (Round your answer to two decimal places.) $ (d) Use the treasury stock account to determine the average price Disney paid when it repurchased its common shares. (Round your answer to two decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Process Driven Comprehensive Auditing A New Way To Conduct ISO 9001 2008 Internal Audits

Authors: Paul C. Palmes

2nd Edition

0873897544, 978-0873897549

More Books

Students also viewed these Accounting questions