Interpreting Information in the Statement of Shareholders' Equity The 2014 statement of stockholders' equity for Walt...
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Interpreting Information in the Statement of Shareholders' Equity The 2014 statement of stockholders' equity for Walt Disney Co. is presented below. (Disney includes both par value and additional paid-in capital under the heading "Common Stock." Noncontrolling interests have been excluded for simplicity. All amounts in millions.) Equity Attributes to Disney Common Retained Treasury Total Shares Stock Earnings AOCI(L)* Stock Disney Equity Balance at September 28, 2013 1,773 $ 33,440 $ 47,758 $ (1,187) $(34,582) $ 45,429 Comprehensive income 8,612 858 7,754 Equity compensation activity 29 844 844 Common stock repurchases (92) (7,638) (7,638) Dividends 17 (1,525) (1,508) Contributions Distributions and other Balance at September 27, 2014 1,706 $ 34,301 $ 54,845 $ (2,045) $(42,220) $ 44,881 *Accumulated Other Comprehensive Income (Loss) a. Did Disney issue any additional common shares in fiscal year 2014 (ending on September 27, 2014? Disney issued o million additional common shares in fiscal year 2014. b. What was Disney's total comprehensive income in 2014? $ 0 million c. Show how Disney recorded the purchase of treasury shares in 2014 using the financial statement effects template. Remember to use a negative sign with your answers, when appropriate. Balance Sheet Income Statement Noncash Contrib. Earned Contra = Liabilities + 0 = Transaction Cash Asset + Asset Сapital Capital -Equity Revenues Expenses = Net Income + Purchased treasury shares 0 + 0 + 0 + 0 - Prepare the journal entry and post to the related T-accounts. General Journal Description Debit Credit Cash Additional Paid in Capital Treasury Stock Common Stock Interpreting Information in the Statement of Shareholders' Equity The 2014 statement of stockholders' equity for Walt Disney Co. is presented below. (Disney includes both par value and additional paid-in capital under the heading "Common Stock." Noncontrolling interests have been excluded for simplicity. All amounts in millions.) Equity Attributes to Disney Common Retained Treasury Total Shares Stock Earnings AOCI(L)* Stock Disney Equity Balance at September 28, 2013 1,773 $ 33,440 $ 47,758 $ (1,187) $(34,582) $ 45,429 Comprehensive income 8,612 858 7,754 Equity compensation activity 29 844 844 Common stock repurchases (92) (7,638) (7,638) Dividends 17 (1,525) (1,508) Contributions Distributions and other Balance at September 27, 2014 1,706 $ 34,301 $ 54,845 $ (2,045) $(42,220) $ 44,881 *Accumulated Other Comprehensive Income (Loss) a. Did Disney issue any additional common shares in fiscal year 2014 (ending on September 27, 2014? Disney issued o million additional common shares in fiscal year 2014. b. What was Disney's total comprehensive income in 2014? $ 0 million c. Show how Disney recorded the purchase of treasury shares in 2014 using the financial statement effects template. Remember to use a negative sign with your answers, when appropriate. Balance Sheet Income Statement Noncash Contrib. Earned Contra = Liabilities + 0 = Transaction Cash Asset + Asset Сapital Capital -Equity Revenues Expenses = Net Income + Purchased treasury shares 0 + 0 + 0 + 0 - Prepare the journal entry and post to the related T-accounts. General Journal Description Debit Credit Cash Additional Paid in Capital Treasury Stock Common Stock
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Answer a Disney issued 18 million additional common shares in f... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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