M8-25. Reconciling Common Stock and Treasury Stock Balances Following is the stockholders' equity section from the The Walt Disney Company balance sheet. Stockholders' equity, $ millions Preferred stock... Common stock, $0.01 par value, Authorized-4.6 billion shares, Issued-2.9 billion shares Retained earnings Accumulated other comprehensive loss.. Stockholders' Equity subtotal before Treasury Stock, Total. Treasury stock, at cost, 1.4 billion shares Total Disney Shareholders' equity Noncontrolling interests Total equity. Sep. 29, 2018 $ 0 36,779 82,679 (3,097) 116,361 (67,588) 48,773 4,059 $ 52,832 Sep. 30, 2017 $ 0 36,248 72,606 (3,528) 105,326 (64,011) 41,315 3,689 $ 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 year-end? 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. LO1 THE WALT DISNEY COMPANY (DIS) Homework MBC
18-25. Reconciling Common Stock and Treasury Stock Balances Following is the stockholders' equity section from the The Walt Disney Company balance sheet. LO1 THE WALT DISNEY COMPANY (D29) 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 year-end? 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
