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