How many shares are issued at September

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Question - 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

Non-controlling interests

$4,059

$3,689

Total Equity

$52,832

$45,004

Required -

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.

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

Reference no: EM132773381

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