Reference no: EM132686517

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

Question 1: How many shares are issued at September 29,2018?

Question 2: How many shares are outstanding at 2018 fiscal year- end?

Question 3: Determine the average price at which Disney issued its common stock. (Round your answer to two decimal places.)

Question 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.)