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Exercise 8-9 (Algo) Common stock balance sheet disclosure LO 1 The balance sheet caption for common stock is the following: Common stock, $3 par value,

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Exercise 8-9 (Algo) Common stock balance sheet disclosure LO 1 The balance sheet caption for common stock is the following: Common stock, $3 par value, 2,090,000 shares authorized, 1,750,000 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 $0.26 per share. c. What accounts for the difference between issued shares and outstanding shares? a. Amount b. Cash dividend c. Difference between issued shares and outstanding shares

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