Common stock—calculate issue price and dividend amount The balance sheet caption for common stock is the following:
Common stock without par value, 2,000,000 shares authorized, |
|
400,000 shares issued, and 360,000 shares outstanding | $2,600,000 |
Required:
a. Calculate the average price at which the shares were issued.
b. If these shares had been assigned a stated value of $1 each, show how the caption here would be different.
c. If a cash dividend of $0.60 per share were declared, calculate the total amount of cash that would be paid to stockholders.
d. What accounts for the difference between issued shares and outstanding shares?
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.