Answered step by step
Verified Expert Solution
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'
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started