QUALITATIVE ANALYSIS:

1) The balance sheet caption for common stock is:

Common stock, $10 par value, 14,000,000 shares authorized, 11,400,000 shares issued, 11,000,000 shares outstanding.

a) Calculate the dollar amount that will be presented opposite of this caption.

b) Calculate the total amount of a cash dividend of $1.00 per share.

c) What accounts for the difference between issued shares and outstanding shares?