Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Distinguishing Between Common Stock and Additional Paid-in Capital Following is the 2016 stockholders' equity section from the Cisco Systems Inc. balance sheet. $ - Shareholers'

image text in transcribed

Distinguishing Between Common Stock and Additional Paid-in Capital Following is the 2016 stockholders' equity section from the Cisco Systems Inc. balance sheet. $ - Shareholers' Equity (in millions, except par value) July 2016 Preferred stock, no par value: 5 shares authorized; none issued and outstanding 42,628 Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized; 4,374 and 4,430 shares issued and outstanding at July 30, 2016, and July 25, 2015, respectively 19,396 Retained earnings (326) Accumulated other comprehensive income 61,698 Total Cisco shareholders' equity (1) Noncontrolling interests $61,697 Total equity For the $42,628 million reported as "common stock and additional paid-in capital," what portion is common stock and what portion is additional paid-in capital? Round to the nearest million. Common stock $ Additional paid-in capital $ 0 0 Cisco's stock price was $30.53 on July 29, 2016 (the closest trading day to fiscal year-end). Determine Cisco's market capitalization that day. Round to the nearest million. Enter answer in millions. $ 0 million

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Flipping Houses Mastering The Art Of Profitable Real Estate Investments

Authors: Bandra Blueprints

1st Edition

979-8395990426

More Books

Students also viewed these Finance questions