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Hello, I need to double check my answers to make sure I completed this task correctly. Please show work for number 5 as this was
Hello, I need to double check my answers to make sure I completed this task correctly. Please show work for number 5 as this was a big challenge for me. (first column (left) is Sep. 29th 2019, second column (right) is Sep. 30th 2018) Thank you!
1,189.7 $ 1,753.7 664.6 1,291.7 1,269.0 LIABILITIES AND SHAREHOLDERS' EQUITY/(DEFICIT) Current liabilities: Accounts payable Accrued liabilities Accrued payroll and benefits Income taxes payable Stored value card liability and current portion of deferred revenue Current portion of long-term debt Total current liabilities Long-term debt Deferred revenue Other long-term liabilities Total liabilities Shareholders' equity (deficit): Common stock ($0.001 par value) authorized, 2,400.0 shares; issued and outstanding, 1,184.6 and 1,309.1 shares, respectively Additional paid-in capital Retained earnings/(deficit) Accumulated other comprehensive loss Total shareholders' equity/(deficit) Noncontrolling interests Total equity/(deficit) TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY/(DEFICIT) 1,179.3 1,752.5 656.8 102.8 1,642.9 349.9 5,684.2 9,090.2 6,775.7 1,430.5 22,980.6 6,168.7 11,167.0 6,744.4 1,370.5 25,450.6 1.2 41.1 (5,771.2) (503.3) (6,232.2) 1.2 (6,231.0) 19,219.6 $ 1.3 41.1 1,457.4 (330.3) 1,169.5 6.3 1,175.8 24,156.4 S 1. How many common shares are authorized as per the balance sheet? 2. How many shares were issued and outstanding as of Sep 29, 2019 balance sheet date? 3. How many shares were issued and outstanding as of Sep 30, 2018 balance sheet date? 4. Why are the number of shares authorized and the number of shares issued different? 5. How does the company compute the Common stock value of $1.2 million and $1.3 million that is appearing on the balance sheet for both years 2019 and 2018? Show calculationsStep by Step Solution
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