Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. distinguishing between common stock and additional

Distinguishing Between Common Stock and Additional Paid-in Capital Following is the 2016 stockholders'...

60.1K

Verified Solution

Question

Accounting

Distinguishing Between Common Stock and Additional Paid-in Capital
Following is the 2016 stockholders' equity section from the Cisco Systems Inc. balance sheet.
For the $48,960 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
Additional paid-in capital
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.
$
million
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students