Common stock balance sheet disclosure The balance sheet caption for common stock is the following:
Common stock, $5 par value, 2,000,000 shares authorized, |
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1,400,000 shares issued, 1,250,000 shares outstanding | $ | ? |
Required:
a. Calculate the dollar amount that will be presented opposite this caption.
b. Calculate the total amount of a cash dividend of $.15 per share.
c. What accounts for the difference between issued shares and outstanding shares?
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