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5 Exercise 8-11 (Algo) Common stock balance sheet disclosure LO 8-1 The balance sheet caption for common stock is the following: Common stock, $2 par value, 2,440,000 shares authorized, 1,580,000 shares issued, 1,130,000 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 $0.18 per share. c. What accounts for the difference between issued shares and outstanding shares? a. Amount 5 b. Cash dividend c. Difference between issued shares and outstanding shares $ ?

5 Exercise 8-11 (Algo) Common stock balance sheet disclosure LO 8-1 The balance sheet caption for common stock is the following: Common stock, $2 par value, 2,440,000 shares authorized, 1,580,000 shares issued, 1,130,000 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 $0.18 per share. c. What accounts for the difference between issued shares and outstanding shares? a. Amount 5 b. Cash dividend c. Difference between issued shares and outstanding shares $ ?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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5 Exercise 8-11 (Algo) Common stock balance sheet disclosure LO 8-1 The balance sheet caption for common stock is the following: Common stock, $2 par value, 2,440,000 shares authorized, 1,580,000 shares issued, 1,130,000 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 $0.18 per share. c. What accounts for the difference between issued shares and outstanding shares? a. Amount 5 b. Cash dividend c. Difference between issued shares and outstanding shares $ ?
Transcribed Image Text:5 Exercise 8-11 (Algo) Common stock balance sheet disclosure LO 8-1 The balance sheet caption for common stock is the following: Common stock, $2 par value, 2,440,000 shares authorized, 1,580,000 shares issued, 1,130,000 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 $0.18 per share. c. What accounts for the difference between issued shares and outstanding shares? a. Amount 5 b. Cash dividend c. Difference between issued shares and outstanding shares $ ?
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