EMenu rse N 2 Distinguishing Between Common Stock and Additional Paid-in Capital

Question

EMenu rse N 2 Distinguishing Between Common Stock and Additional Paid-in Capital Following is the 2016 stockholders' equity section from the Cisco Systems Inc. balance sheet. July 2016 44516 19,396 326) Common stock and additional paid-in capital $0.001 par value: 20,000 shares 2015, respectively authorized; 5,029 and 5,085 shares issued and outtanding at July 30, 2016, and July 25, Total Cisco shareholders' equity $63,585 For the $44,516 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 m 10.11 xmillion Check You have correctly selected 0

Explanation / Answer

Common stock is the value of the shares at the par value and the additional paid in capital is the amount in excess of par value.

Now common stock is 5,029 shares *0.001 par value = 5.029 = 5 million

Additional paid in capital is 44,516-5.029 = 44,510.971 = 44,511 million

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