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The balance sheet caption for common stock is the following: Common stock, $2 par value, 2,730,000 shares authorized, 1,620,000 shares issued, 1,190,000 shares outstanding Required:

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The balance sheet caption for common stock is the following: Common stock, $2 par value, 2,730,000 shares authorized, 1,620,000 shares issued, 1,190,000 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 $0.22 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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