Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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Transcribed Image Text:The balance sheet caption for common stock is the following:
Common stock, $5 par value, 2,920,000 shares authorized, 1,560,000 shares issued,
1,070,000 shares outstanding
Calculate the dollar amount that will be presented opposite this caption.
$?
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