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The balance sheet caption for common stock is the following: Common stock, $5 par value, 2,400,000 shares authorized, 1,780,000 shares issued, 1,200,000 shares outstanding $?
The balance sheet caption for common stock is the following: Common stock, $5 par value, 2,400,000 shares authorized, 1,780,000 shares issued, 1,200,000 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 $0.18 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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