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The balance sheet caption for common stock is the following: Common stock, $5 par value, 2,310,000 shares authorized, 1,130,000 shares issued, 930,000 shares outstanding$ ?question

The balance sheet caption for common stock is the following:

Common stock, $5 par value, 2,310,000 shares authorized, 1,130,000 shares issued, 930,000 shares outstanding$ ?question mark

Required:

  1. Calculate the dollar amount that will be presented opposite this caption.
  2. Calculate the total amount of a cash dividend of $0.15 per share.
  3. What accounts for the difference between issued shares and outstanding shares?

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