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 July 2016 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 July 2016 Shareholers' Equity (in millions, except par value) Preferred stock, no par value: 5 shares authorized; none issued and outstanding Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized; 6,362 and 6,418 shares issued and outstanding at July 30, 2016, and July 25, 2015, respectively Retained earnings Accumulated other comprehensive income Total Cisco shareholders' equity Noncontrolling interests 19,396 (326) 68,030 $68,029 Total equity For the $48,960 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 0 million Additional paid-in capital $ 0 Xmillion Check

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

Research Methods For Accounting And Finance Global Management Series

Authors: Audrey Paterson, Kevin D. Ogorman, David Leung, Robert Macintosh, William Jackson

1st Edition

1910158895, 978-1910158890

More Books

Students also viewed these Accounting questions

Question

=+b) Form the F-statistic by dividing the two mean squares.

Answered: 1 week ago

Question

discuss the reliability of the data you have gathered;

Answered: 1 week ago

Question

undertake an initial analysis of your data;

Answered: 1 week ago