The 2009 financial statements for The Walt Disney Company can be found on the Internet. Locate those

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The 2009 financial statements for The Walt Disney Company can be found on the Internet.
Locate those financial statements and consider the following questions.
1. What is the par value of Disney's common stock? What was the average issuance price of Disney's common stock?
2. Does Disney use the cost method or the par value method of accounting for treasury stock? As of October 3, 2009, what was the average cost of the repurchased shares held in treasury?
3. Combining information from questions (1) and (2), estimate the decrease in Disney's retained earnings if all of the treasury shares were retired.
4. From Disney's foreign currency translation adjustment, deduce whether the foreign currencies got stronger or weaker in 2009 (relative to the U.S. dollar) in the countries where Disney has subsidiaries.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
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Intermediate Accounting

ISBN: 978-0538479738

18th edition

Authors: Earl K. Stice, James D. Stice

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