Assume the following is the stockholders' equity section from the Abercrombie & Fitch balance sheet.Assume the following is the 2016 stockholders' equity section from the Cisco Systems, Inc., balance sheet.Shareholders’ Equity ($ thousands)January 30, 2016January 31, 2015Class A common stock-$0.01 par value: 150,000,000 shares authorized and 103,300,000 shares issued at January 30, 2016 and January 31, 2015, respectively/td>$1,033$1,033Paid-in capital161,678140,251Retained Earnings1,357,7911,076,023Accumulated other comprehensive income(796)-Deferred compensation26,20615,048Treasury stock at average cost: 15,573,789 and 17,262,943 shares at January 30, 2016 and January 31, 2015, respectively(550,795)(563,029)Total shareholders’ equity$995,117$669,326 For the $22,394 million reported as “common stock and additional paid-in capital,” what portion is common stock? How many shares are outstanding at its 2016 fiscal year-end?

Common stock: These are the ordinary shares that a corporation issues to the investors in order to…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Assume the following is the stockholders' equity section from the Abercrombie & Fitch balance sheet.

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

Shareholders’ Equity ($ thousands)	January 30, 2016	January 31, 2015
Class A common stock-$0.01 par value: 150,000,000 shares authorized and 103,300,000 shares issued at January 30, 2016 and January 31, 2015, respectively/td>	$1,033	$1,033
Paid-in capital	161,678	140,251
Retained Earnings	1,357,791	1,076,023
Accumulated other comprehensive income	(796)	-
Deferred compensation	26,206	15,048
Treasury stock at average cost: 15,573,789 and 17,262,943 shares at January 30, 2016 and January 31, 2015, respectively	(550,795)	(563,029)
Total shareholders’ equity	$995,117	$669,326

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

How many shares are outstanding at its 2016 fiscal year-end?

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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