Assume the following is the 2016 stockholders' equity section from the Cisco Systems, Inc., balance sheet.Shareholders’ Equity (in millions, except par value)July 30, 2016Preferred 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; 6,331 shares issued and outstanding at July 30, 201622,394Retained Earnings506Accumulated other comprehensive income274Total shareholders’ equity$23,174 For the $22,394 million reported as “common stock and additional paid-in capital,” what portion is common stock?

Common stock: Common stock is the cash raised by the company by issuing common or ordinary shares to…

Answered: Assume the following is the 2016…

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Assume the following is the 2016 stockholders' equity section from the Cisco Systems, Inc., balance sheet.

Shareholders’ Equity (in millions, except par value)	July 30, 2016
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; 6,331 shares issued and outstanding at July 30, 2016	22,394
Retained Earnings	506
Accumulated other comprehensive income	274
Total shareholders’ equity	$23,174

For the $22,394 million reported as “common stock and additional paid-in capital,” what portion is common stock?

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