Following is the stockholders' equity section from the Cisco Systems Inc. balance sheet for the thirdM8.21, Distinguishing Between Common Stock and Additional Paid-in Capitalquarter of fiscal 2019.Shareholders' Equity (in millions, except par value)April 27, 2019Preferred stock, no par value: 5 shares authorized; none issued and outstanding ...Common stock and additional paid-in capital, $0.001 par value: 20,000 sharesauthorized; 4,313 shares issued and outstandingRetained earnings (Accumulated deficit).Accumulated other comprehensive income (loss).2$dysbomes40,577(2,877)(896)baTotal equity. ....dr or$36,804a. For the $40,577 million reported as "common stock and additional paid-in capital," what portion isbohoget albo common stock and what portion is additional paid-in capital?Joor2b. Explain why Cisco does not report the two components described in part a separately.wo alls C. Cisco's stock price was $55.88 on April 26, 2019 (the closest trading day to fiscal year-end). Deler-n2 mine Cisco's market capitalization that day. 000.02 odM8-22. Equity Attributable to Company StockholdersANALYST ADJUSTMENTS 8.1 00Doelng Company reported the following items on its 2018 form 10-K Which equity number should e

Market capitalization = Market price × outstanding shares

Following is the stockholders' equity section from the Cisco Systems Inc. balance sheet for the t Distinguishing Between Common Stock and Additional Paid-in Capital M8-21. quarter of fiscal 2019. Shareholders' Equity (in millions, except par value) April 27, 2019 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; 4,313 shares issued and outstanding Retained earnings (Accumulated deficit) Accumulated other comprehensive income (loss). 24 40,577 (2,877) (896) Total equity. $36,804 a. For the $40,577 million reported as "common stock and additional paid-in capital," what portion common stock and what portion is additional paid-in capital? e b. Explain why Cisco does not report the two components described in part a separately. als C. Cisco's stock price was $55.88 on April 26, 2019 (the closest trading day to fiscal year-end). De. nomote mine Cisco's market capitalization that day.000.OM 18-22, Equity Attributohl ANAL YST ADJH STME NTS O1

Following is the stockholders' equity section from the Cisco Systems Inc. balance sheet for the t Distinguishing Between Common Stock and Additional Paid-in Capital M8-21. quarter of fiscal 2019. Shareholders' Equity (in millions, except par value) April 27, 2019 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; 4,313 shares issued and outstanding Retained earnings (Accumulated deficit) Accumulated other comprehensive income (loss). 24 40,577 (2,877) (896) Total equity. $36,804 a. For the $40,577 million reported as "common stock and additional paid-in capital," what portion common stock and what portion is additional paid-in capital? e b. Explain why Cisco does not report the two components described in part a separately. als C. Cisco's stock price was $55.88 on April 26, 2019 (the closest trading day to fiscal year-end). De. nomote mine Cisco's market capitalization that day.000.OM 18-22, Equity Attributohl ANAL YST ADJH STME NTS O1

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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Alexander Corporation reports the following components of stockholders' equity at December 31, 2019. Common stock-$25 par value, 60,000 shares authorized, 39,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity During 2020, the following transactions affected its stockholders' equity accounts. January 2 Purchased 3,900 shares of its own stock at $25 cash per share. January 7 Directors declared a $1.50 per share cash dividend payable on February 28 to the February 9 stockholders of record February 28 Paid the dividend declared on January 7. July 9 Sold 1,560 of its treasury shares at $30 cash per share. August 27 Sold 1,950 of its treasury shares at $20 cash per share. September 9 Directors declared a $2 per share cash dividend payable on October 22 to the September 23 stockholders of record.. October 22 Paid the dividend declared on September 9. December 31 Closed the $61,000 credit balance (from net income)…
Prepare the journal entries to record the above stock transactions
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The following is the Stockholders' Equity section of the balance for Spencer Corporation as of December 31, 2019. Stockholders' Equity Common stock, $1 par value; authorized, 10,000,000 shares. Issued and outstanding, 500,000 shares Additional paid-in capital, common stock Retained earnings Total Stockholders' Equity $500,000 3,500,000 6,750,000 $10.750.000 Spencer Corporation declared a 10% stock dividend on January 1, 2020, at which date the fair value of Spencer Corporation common stock was trading at $35 per share. Prepare the January 1, 2020, journal entry to record the declaration of the stock dividend. Date Account Debit Credit
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The following stockholders' equity accounts arranged alphabetically are in the ledger of Concord Corporation at December 31, 2022. Common Stock ($7 stated value) Paid-in Capital from Treasury Stock Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock (8%, $55 par) Retained Earnings Treasury Stock (10,000 common shares) 4: eTextbook and Media List of Accounts Save for Later + Prepare a stockholders' equity section at December 31, 2022. (Enter the account name only and do not provide the descriptive information provided in the question.) + $2,793,000 ◆ 11,000 675,000 159,000 880,000 1,748,000 130,000 CONCORD CORPORATION Balance Sheet (Partial) $ $ Attempts: 0 of 3 used $ Submit Answer
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On January 1, 2021, Gerlach Inc. had the following account balances in its shareholders' equity accounts. Common stock, $1 par, 250,000 shares issued $ 250,000 Paid-in capital—excess of par, common 500,000 Paid-in capital—excess of par, preferred 100,000 Preferred stock, $100 par, 10,000 shares outstanding 1,000,000 Retained earnings 2,000,000 Treasury stock, at cost, 5,000 shares 25,000 During 2021, Gerlach Inc. had several transactions relating to common stock. January 15: Declared a property dividend of 100,000 shares of Slowdown Company (book value $10 per share, fair value $9 per share). February 17: Distributed the property dividend. April 10: A 2-for-1 stock split was declared and distributed on outstanding common stock and effected in the form of a stock dividend. (Fascom chose to reduce Paid-in capital—excess of par.) The fair value of the stock was $4 on this date. July 18: Declared and…