The balance sheet caption for common stock is the following: Common stock without par value, 3,800,000 shares authorized, 820,000 shares issued, and 720,000 shares outstanding $ 3,400,000 Required: Calculate the average price at which the shares were issued. If these shares had been assigned a stated value of $1 each, show how the caption here would be different. If a cash dividend of $0.20 per share were declared, calculate the total amount of cash that would be paid to stockholders. What accounts for the difference between issued shares and outstanding shares?

The balance sheet caption for common stock is the following: Common stock without par value, 3,800,000 shares authorized, 820,000 shares issued, and 720,000 shares outstanding $ 3,400,000 Required:...

The balance sheet caption for common stock is the following:

Common stock without par value, 3,800,000 shares authorized, 820,000 shares issued, and 720,000

shares outstanding

3,400,000

Required:

If these shares had been assigned a stated value of $1 each, show how the caption here would be different.

If a cash dividend of $0.20 per share were declared, calculate the total amount of cash that would be paid to stockholders.

Jun 10, 2022