Total cash dividend

Difference between issued shares and outstanding shares.

7 The balance sheet caption for common stock is the following: 1 points Common stock without par value, 3,500,000 shares authorized, 810,000 shares issued, and 720,000 shares outstanding $ 2,500,000 eBook 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 $0.17 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? References Required A Required B Required C Required D Calculate the average price at which the shares were issued. (Round your answer to 2 decimal places.) Average issue price per share