The balance sheet caption for common stock is the following: Common stock without par value, 4,300,000 shares authorized, 850,000 shares issued, and 660,000 shares outstanding Required: a. Calculate the average price at which the shares were issued. b. If these shares had been assigned a stated value of $1 each, show how the caption here would be different. c. If a cash dividend of $0.10 per share were declared, calculate the total amount of cash that would be paid to stockholders. d. What accounts for the difference between issued shares and outstanding shares? Required A Required B Required C Required D Calculate the average price at which the shares were issued. Note: Round your answer to 2 decimal places. Average issue price per share Required A $ 2,600,000 Required B > W Exercise 8-12 (Algo) Common stock-calculate issue price and dividend amount LO 8-1, 8-3 The balance sheet caption for common stock is the following: Common stock without par value, 4,300,000 shares authorized, 850,000 shares issued, and 660,000 shares outstanding Required: a. Calculate the average price at which the shares were issued. b. If these shares had been assigned a stated value of $1 each, show how the caption here would be different. c. If a cash dividend of $0.10 per share were declared, calculate the total amount of cash that would be paid to stockholders. d. What accounts for the difference between issued shares and outstanding shares? Required A Required B Required C Required D If these shares had been assigned a stated value of $1 each, show how the caption here would be different.. Common stock at stated value of $1 per share; 4,300,000 shares authorized, 850,000 issued and 660,000 shares outstanding Additional paid in capital. Total paid in capital < Required A $ $ 2,600,000 0 Required C > 5 Exercise 8-12 (Algo) Common stock-calculate issue price and dividend amount LO 8-1, 8-3 The balance sheet caption for common stock is the following: Common stock without par value, 4,300,000 shares authorized, 850,000 shares issued, and 660,000 shares outstanding Required: a. Calculate the average price at which the shares were issued. b. If these shares had been assigned a stated value of $1 each, show how the caption here would be different. c. If a cash dividend of $0.10 per share were declared, calculate the total amount of cash that would be paid to stockholders. d. What accounts for the difference between issued shares and outstanding shares? Required D $ 2,600,000 Required A Required B Required If a cash dividend of $0.1 per share were declared, calculate the total amount of cash that would be paid to stockholders. Total cash dividend < Required B Required D > es Exercise 8-12 (Algo) Common stock-calculate issue price and dividend amount LO 8-1, 8-3 The balance sheet caption for common stock is the following: Common stock without par value, 4,300,000 shares authorized, 850,000 shares issued, and 660,000 shares outstanding Required: a. Calculate the average price at which the shares were issued, b. If these shares had been assigned a stated value of $1 each, show how the caption here would be different. $ 2,600,000 c. If a cash dividend of $0.10 per share were declared, calculate the total amount of cash that would be paid to stockholders. d. What accounts for the difference between issued shares and outstanding shares? Required A Required B Required C Require] D What accounts for the difference between issued shares and outstanding shares? Difference between issued shares and outstanding shares < Required C Required D GHECK T