Common stock balance sheet disclosure The balance…

| August 14, 2017

Common stock balance sheet disclosureThe balance sheet caption for common stock is the following:Common stock, $5 par value, 2,000,000 shares authorized, 1,400,000 shares issued, 1,250,000 shares outstanding $ ???a. Calculate the dollar amount that will appear in the caption above.b. Calculate the total amount of a cash dividend of $0.15 per share.c. What accounts for the difference between the issued shares and outstanding shares?

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