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The following is a portion of the Statement of Shareholders Equity from Cisco Systems July 2 5 , 2 0 2 0 annual report. Answer
The following is a portion of the Statement of Shareholders Equity from Cisco Systems July annual report. Answer is not complete.
Complete this question by entering your answers in the tabs below.
Reconstruct the journal entry Cisco used to record the buyback. The par amount of Cisco's shares is $
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your
answers in millions ie should be entered as Complete this question by entering your answers in the tabs below.
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What two amounts comprise Cisco's comprehensive income for the period shown?
Note: Enter your answers in millions ie should be entered as tabletableCISCO SYSTEMS,Consolidated Statemen$ in millionstableINCORPORATs of EquityShares ofCommonStocktableEDinpartCommonStockandAdditionalPaidInCapi taltableRetainedEarningsAccumulatedDeficittableAccumulatedOtherComprehensiveIncome LossTotal EquityBalance at July $$$$Net income,,,Other comprehensive income lossIssuance of common stock,Repurchase of common stock,tableShares repurchased for tax withholdings on vesting of restrictedstock unitsCash dividends declared $ per common shareSharebased compensation expense,,Balance at July $$$$
CISCO SYSTEMS, INCORPORATED
Consolidated Statements of Equity in part
$ in millions Shares of Common Stock Common Stock and Additional PaidIn Capital Retained Earnings Accumulated Deficit Accumulated Other Comprehensive Income Loss Total Equity
Balance at July $ $ $ $
Net income
Other comprehensive income loss
Issuance of common stock
Repurchase of common stock
Shares repurchased for tax withholdings on vesting of restricted stock units
Cash dividends declared $ per common share
Sharebased compensation expense
Balance at July $ $ $ $
Required:
How does Cisco account for its share buybacks? Treasury stock or retired shares?
For its share buybacks in the period shown, was the price Cisco paid for the shares repurchased a more or b less than the average price at which Cisco had sold the shares previously?
Reconstruct the journal entry Cisco used to record the buyback. The par amount of Ciscos shares is $
What two amounts comprise Ciscos comprehensive income for the period shown?
What was the amount of Accumulated other comprehensive income loss that Cisco reported in its July balance sheet?
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