Reconciling Common 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0 $ 0

Common stock, $0.01 par value, Authorized4.6 billion

shares, Issued2.9 billion 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, 1.4 billion 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? 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 yearend?

c. Determine the average price at which Disney issued its common stock.

d. Use the treasury stock account to determine the average price Disney paid when it repurchased its

common shares.