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The balance sheet caption for common stock is the following: Common stock, $6 par value, 2,410,000 shares authorized, 1,470,000 shares issued, 930,000 shares outstanding $?
The balance sheet caption for common stock is the following: Common stock, $6 par value, 2,410,000 shares authorized, 1,470,000 shares issued, 930,000 shares outstanding $? Required: a. Calculate the dollar amount that will be presented opposite this caption. Amount b. Calculate the total amount of a cash dividend of $0.24 per share Cash dividend c. What accounts for the difference between issued shares and outstanding shares? Treasury stock Dividend 62
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