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9 The balance sheet caption for common stock is the following: 1 points Common stock, $3 par value, 2,440,000 shares authorized, 1,180,000 shares issued, 1,640,000
9 The balance sheet caption for common stock is the following: 1 points Common stock, $3 par value, 2,440,000 shares authorized, 1,180,000 shares issued, 1,640,000 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 $0.29 per share. c. What accounts for the difference between issued shares and outstanding shares? eBook Hint a. Amount b. Cash dividend c. Difference between issued shares and outstanding shares References
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