nding shares? Common stock-calculate issue price and dividend amount The balance sheet caption for common stock is the following: Common stock without par value, 1,000,000 shares authorized, 200,000 shares issued, and 180,000 shares outstanding .. $2,600,000 Required: 2. Calculate the average price at which the shares were issued. h. If these shares had been assigned a stated value of $1 each, show how the cap- tion here would be different. C. If a cash dividend of $0.60 per share were declared, calculate the total amount of cash that would be paid to stockholders. 1. What accounts for the difference between issued shares and outstanding shares?
nding shares? Common stock-calculate issue price and dividend amount The balance sheet caption for common stock is the following: Common stock without par value, 1,000,000 shares authorized, 200,000 shares issued, and 180,000 shares outstanding .. $2,600,000 Required: 2. Calculate the average price at which the shares were issued. h. If these shares had been assigned a stated value of $1 each, show how the cap- tion here would be different. C. If a cash dividend of $0.60 per share were declared, calculate the total amount of cash that would be paid to stockholders. 1. What accounts for the difference between issued shares and outstanding shares?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:tes and outstanding shares?
Common stock-calculate issue price and dividend amount The balance
sheet caption for common stock is the following:
Common stock without par value, 1,000,000 shares authorized,
200,000 shares issued, and 180,000 shares outstanding..
$2,600,000
Required:
. Calculate the average price at which the shares were issued.
h. If these shares had been assigned a stated value of $1 each, show how the cap-
tion here would be different.
G. If a cash dividend of $0.60 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?
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