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Exercise 8-11 (Algo) Common stock balance sheet disclosure LO 8-1 The balance sheet caption for common stock is the following: Common stock, $3 par value,

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Exercise 8-11 (Algo) Common stock balance sheet disclosure LO 8-1 The balance sheet caption for common stock is the following: Common stock, $3 par value, 2,860,000 shares authorized, 1,490,000 shares issued, 910,000 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 $0.28 per share. c. What accounts for the difference between issued shares and outstanding shares

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