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 million

Question

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 million

 

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Business
Accounting

Financial Accounting

Related Accounting Q&A

Find answers to questions asked by students like you.

Q: The 2014 comparative balance sheet and 2014 income statement of Byfield Co Ltd, have just been distr...

A: Cash flow statement from indirect method is considered important. Reason: This is because accrual ac...

Q: Karsted Air Services is now in the final year of a project. The equipment originally cost $33 millio...

A: Click to see the answer

Q: The following data are given for Harry Company: Budgeted production 1,068 units Actual producti...

A: Direct labor rate variance = (Actual rate - Standard rate)*Actual hours. If the actual rate is more ...

Q: An independent CPA is engaged to audit the financial statements of Holland City . The city has a var...

A: The correct option is Option “D”.

Q: A sales invoice included the following information: merchandise price, P5,000; freight, P900; terms ...

A: Net Purchases = Total purchases - Purchase return = P5,000 - P700 = P4,300

Q: Bert has extracted the following list of balances from his general ledger at 31 October 20X5: $ Sale...

A: We have the following information: Sales: $258,542 Opening inventory: $9,649 Purchases: $142,958 Ex...

Q: North Star is trying to determine its optimal capital structure, which now consists of only common e...

A: When ever debt is issued , it is used to repurchase the outstanding shares because of which Share O/...

Q: Icarus Airlines is proposing to go public, and you have been given the task of estimating the value ...

A: Cost of debt =8% Cost of equity =11% weight of debt =20% weight of equity =80% Wacc =weighted averag...

Q: Here is the partial work sheet for Eckland Stereo: (image below) Required: 1. Prepare a statement of...

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you. ...

Q: Car Company ordered a machine needed in the assembly line of its production department. Upon order, ...

A: Generally Accepted Accounting Principles (GAAP):   These are the guidelines necessary to create acc...

Q: 4. An equipment costs P8,000.00 has an economic life of 8 years and a salvage value of P400.00 at th...

A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called depr...

Q: On November 1, 2014, EZ Products borrowed $48,000 on a 5%, 10-year note with annual installment paym...

A: Introduction: Journal: Recording of a business transactions in a chronological order. First step in ...

Q: Darius Manufacturing Company manufactures and sells parts for various musical gadgets. The business ...

A: (1) Calculation of number of units sold in 2018 is as follows:s Number of Units Sold=Fixed Costs+Req...

Q: Below is budgeted production and sales information for Bluebird Company for the month of December. ...

A: The budget is prepared by the management on the basis of past experience. It is helpful in figuring ...

Q: Inventory Turnover The following data (in millions) were taken from recent annual reports of Tomato ...

A: Inventory turnover ratio is used to calculate the number of time inventory has been replaced by the ...

Q: Rakesh started business on 1st Jan 2018 and had not maintained any kind of books to record transacti...

A: Capital=Cash+Bank+Stock+Building+Furniture+Debtor-Creditor-Loan=8000+25000+20000+10000+2000+(2000+10...

Q: Hello, I need formulas explaining the answers, thank you.

A: Cash flow from investment activities  Cash outflow =purchase of equipment +expansion of building  Ca...

Q: During the current year, merchandise is sold for P86,000 cash and for P93,950 on account. The cost o...

A: Gross profit = Sales - Cost of merchandise sold. First, compute the total sales as shown below:

Q: Required information[The following information applies to the questions displayedbelow.]Silver Compa...

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts fo...

Q: Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 128,000 to 200,0...

A: A flexible budget is that budget that includes all the flexibility and change in the output. In comp...

Q: 1. The adjusted trial balance columns of the worksheet for Savaglia Company are as follows. SAVAGLIA...

A: Income statement reports revenues and expenses, whereas balance sheet reports assets, liabilities, a...

Q: Gyro Company manufactures Products T and W and is operating at full capacity. Manufacturing Product ...

A: Contribution margin: The contribution margin can be stated on a gross or per-unit basis. It represen...

Q: At the start of year 1 owner contribute Rs. 100. After year 1 the company purchases the financial as...

A: Equity Component = Owner's Contribution + Retained Earnings  + Accumulated other comprehensive incom...

Q: journalizing transactions and providing and ruling a journal

A: As you have posted multiple independent questions, we are answering the first question. Kindly repos...

Q: Kanban Company estimated sales of 40,000 units at $6 each. Budgeted cost of goods sold per unit incl...

A: Per unit labor=Rate per hour×Minutes for one unitMinutes in an hour=$15×660=$1.50

Q: Hello, Please explain the answer, thank you.

A: Benefits of callable bonds  1 Companies can redeem early by this way company can take advantage of a...

Q: What is a major shortcoming of just using Income from Operations as a performance measure for Invest...

A: Click to see the answer

Q: Radison Enterprises sells a product for $57 per unit. The variable cost is $26 per unit, while fixed...

A: Break-even analysis is a technique widely used by the production department. It helps to determine t...

Q: You are the lead S-Corporations tax specialist in your area. Your client, Cathyrn, has purchased an ...

A: It refers to a type of a corporation which complies with certain requirements of the Internal Revenu...

Q: We discuss how to prepare the cash budget and understand therelationships among the operating budget...

A: Cash Sales in March = Total sales in March x 40% = $90,000 x 40% = $36,000 Credit Sales in March = T...

Q: The following is extracted from the books of White Co as at 31 December 2019: Net current assets 6 0...

A: Formula: Capital = Assets - Liabilities. Deduction of liabilities from Assets derives the capital.

Q: The following is the balance sheet of Weak Ltd., on 31-3-2003 Liabilities 20,000 Equity shares of Rs...

A: Reconstruction: It is a process of reorganizing the affairs of a company by revaluing the assets, re...

Q: You have decided to throw a party next weekend for 19 friends. The friends are going to bring health...

A: Concept used : The planning to buy the bottles is depends upon the number of Total bottel required a...

Q: Simple Things Industries Ltd. Comparative Balance Sheet December 31, 2014 and 2013   2...

A: Following is the requisite comparative statement and cash flow statement

Q: Wallace Inc. collects 90% of its sales on account in the month of the sale and 10% in the month foll...

A: Cash collection from September sales = September sales on credit x 10% = $276,000 x 10% = $27,600

Q: Problem 8-5 Bridgeport Limited stocks a variety of sports equipment for sale to institutions. The fo...

A: Inventory: Inventory is the goods and material a business holds for sale. There are two methods for ...

Q: Montgomery Company has developed the following flexible budget formulas for its four overhead items:...

A: Click to see the answer

Q: When an ERP implementation fails, who is to blame? Is it the software manufacturer, the client firm,...

A: Click to see the answer

Q: Cost Flow Methods The following three identical units of Item Beta are purchased during June:   I...

A: FIFO: FIFO stands for First-In, First-Out.  In this method inventory purchased first will be sell ou...

Q: [The following information applies to the questions displayedbelow.]We discuss how budgeting for a m...

A: Desired ending inventory = 20 percent of estimated sales = 50,000 units x 20% = 10,000 units 

Q: 3. Record the following transaction in the appropriate journal, ledger accounts, balance off the acc...

A: This Numerical has covered the concept of Journal Entry, Ledger Accounts, and Trial balance.

Q: Can someone please tell me if I'm on the right track, and complete the missing cells by completing t...

A: Click to see the answer

Q: Factory Closing Decision The Dough Knot Corporation bakes breads, pastries, cookies and every other ...

A: Non-recurring cost refers to those expenses which reflects on the financial statements of the compan...

Q: Hello question is attached, thanks.

A: Profit variance analysis: It shows and determine the causes behind the changes in the profit of the ...

Q: Supply the missing data in the following cases. Each case is independent of the others. Case 2 Sched...

A: Workings:   Case :1 Direct Labor:  Total Manufacturing costs – [Direct Materials + Direct Labor] $1...

Q: Now prepare a production budget for April, May, and June. Lugo Company Production Budget April, May,...

A: Production budget:- Production budget is the budget that is prepared by production companies for kno...

Q: Accounts Receivable Analysis A company reports the following: Sales $429,240 Average accounts r...

A: Ratio analysis is a method of measuring the financial position of the organization with different ki...