Distinguishing Between Common Stock and Additional Paid-in Capital Following is the 2016 stockholders' equity section from the Cisco Systems Inc. balance sheet. Shareholers' Equity (in millions, except par value) July 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; 6,917 and 6,973 shares issued and outstanding at July 30, 2016, and July 25, 2015, respectively 51,182 Retained earnings 19,396 Accumulated other comprehensive income (326) Total Cisco shareholders' equity 70,252 Noncontrolling interests (1) Total equity $70,251 For the $51,182 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 Answer Additional paid-in capital Answer Cisco’s stock price was $30.53 on July 29, 2016 (the closest trading day to fiscal year-end). Determine Cisco’s market capitalization that day. Round to the nearest million. Enter answer in millions. $Answer
Distinguishing Between Common Stock and Additional Paid-in Capital Following is the 2016 stockholders' equity section from the Cisco Systems Inc. balance sheet. Shareholers' Equity (in millions, except par value) July 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; 6,917 and 6,973 shares issued and outstanding at July 30, 2016, and July 25, 2015, respectively 51,182 Retained earnings 19,396 Accumulated other comprehensive income (326) Total Cisco shareholders' equity 70,252 Noncontrolling interests (1) Total equity $70,251 For the $51,182 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 Answer Additional paid-in capital Answer Cisco’s stock price was $30.53 on July 29, 2016 (the closest trading day to fiscal year-end). Determine Cisco’s market capitalization that day. Round to the nearest million. Enter answer in millions. $Answer
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter11: Stockholders' Equity
Section: Chapter Questions
Problem 11.12AMCP
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Distinguishing Between Common Stock and Additional Paid-in Capital
Following is the 2016
Shareholers' Equity (in millions, except par value) | July 2016 |
---|---|
$ - | |
Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized; 6,917 and 6,973 shares issued and outstanding at July 30, 2016, and July 25, 2015, respectively | 51,182 |
Retained earnings | 19,396 |
Accumulated other comprehensive income | (326) |
Total Cisco shareholders' equity | 70,252 |
Noncontrolling interests | (1) |
Total equity | $70,251 |
For the $51,182 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 | Answer
|
Additional paid-in capital | Answer
|
Cisco’s stock price was $30.53 on July 29, 2016 (the closest trading day to fiscal year-end). Determine Cisco’s market capitalization that day.
Round to the nearest million. Enter answer in millions.
$Answer
million
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