Mini-Exercise 8-1 (Algo) Common stock balance sheet disclosure LO 8-1, 8-3 The balance sheet caption for common stock is the following: Common stock, $10 par value, 500,000 shares authorized, 419,500 shares issued, 383,800 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 $0.88 per share. c. What accounts for the difference between issued shares and outstanding shares? a. Balance sheet amount b. Cash dividend c. Difference between issued shares and outstanding shares $ ?

Mini-Exercise 8-1 (Algo) Common stock balance sheet disclosure LO 8-1, 8-3 The balance sheet caption for common stock is the following: Common stock, \$10 par value, 500,000 shares authorized, 419,500 shares issued, 383,800 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 $0.88 per share. c. What accounts for the difference between issued shares and outstanding shares