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Balance sheet for common stock: Common stock without par value, 3,100,000 shares authorized, 890,000 shares issued, and 720,000 shares outstanding $ 2,800,000 1. Calculate the
Balance sheet for common stock:
Common stock without par value, 3,100,000 shares authorized, 890,000 shares issued, and 720,000 shares outstanding | $ | 2,800,000 |
1. Calculate the average price at which the shares were issued.
2. If these shares had been assigned a stated value of $1 each, show how the caption here would be different.
Common stock at stated value of $1 per share; 3,100,000 shares authorized, 890,000 issued and 720,000 shares outstanding | |
Additional Paid-in Capital | |
Total Paid in Capital |
3. If a cash dividend of $0.10 per share were declared, calculate the total amount of cash that would be paid to stockholders
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