Solution to BTN chapter 11 - Reporting in Action BTN...

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Reporting in Action — BTN 11-1 (All shares in thousands.) 1. As of September 29, 2012, the shares of common stock issued and outstanding are 939,208 (see balance sheet). As of September 24, 2011, the number of shares of common stock issued and outstanding is 929,277. The weighted-average common shares used in calculating earnings per share are disclosed on its statement of income. At September 29, 2012, the basic weighted-average shares were 934,818. At September 24, 2011, the basic weighted-average shares were 924,258. Therefore, for fiscal 2012 and fiscal 2011, the shares outstanding at year-end were higher than the basic weighted-average shares outstanding during the year. (Differences between the year-end and weighted-average share amounts are likely the result of timing differences with share repurchases, issuances, and retirements.) 2. Total stockholders’ equity as of September 29, 2012 ...... $118,210,000,000 Book value of equity applicable to common stock* ........ $118 ,210,000,000 * Given that there is only one class of stock issued and outstanding, all the equity items listed can be considered to represent the book value of the common stock.
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