Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

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, $36,779 $36,248

Authorized -4,600 shares, Issued

-2,900 shares

retained earnings $82,679 $72606

Accumulated other comprehensive loss. $-3,097 $-3,528

Stockholders' Equity subtotal before $116,361 $105,326

Treasury Stock, Total

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

  1. How many shares are issued at September 29,2018?
  2. How many shares are outstanding at 2018 fiscal year- end?
  3. Determine the average price at which Disney issued its common stock. (Round your answer to two decimal places.)
  4. 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

Accounting Multicolumn Journal

Authors: Claudia Gilbertson

10th Edition

128552845X, 9781285528458

More Books

Students also viewed these Accounting questions

Question

What do you mean by dual mode operation?

Answered: 1 week ago

Question

Explain the difference between `==` and `===` in JavaScript.

Answered: 1 week ago

Question

2. Value-oriented information and

Answered: 1 week ago

Question

1. Empirical or factual information,

Answered: 1 week ago

Question

1. To take in the necessary information,

Answered: 1 week ago