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Reconciling Common Stock and Treasury Stock Balances Following is the stockholders' equity section from the The Walt Disney Company balance sheet. Stockholders' Equity ($
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 Common stock, $0.01 par value, Authorized -4,600 shares, Issued -2,900 shares $0 36,779 $0 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 Noncontrolling interests Total equity 48,773 41,315 4,059 $52,832 3,689 $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 shares 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.) $
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