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?

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Asked Dec 8, 2019
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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?
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Expert Answer

Step 1

Common stock: These are the ordinary shares that a corporation issues to the investors in order to raise funds. In return, the investors receive a share of profit from the profits earned by the corporation in the form of dividend.

 Treasury Stock: It refers to the shares that are reacquired by the corporation that are already issued to the stockholders, but reacquisition does not signify retirement.

Step 2

Calculate the number of outstanding shares at...

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(Number of issued shares - Number of outstanding shares = Shares held in treasury stock =103,300,000 shares – 15,573,789 shares =87,726.211 shares

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