The balance sheet caption for common stock is the following: Common stock without par value, 4,100,000 shares authorized, 840,000 shares issued, and 690,000 shares outstanding $4,000,000 Required: a. Calculate the average price at which the shares were issued. b. If these shares had been assigned a stated value of $1 each, show how the caption here would be different. c. If a cash dividend of $0.12 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? Required A Required B Required C Required D Calculate the average price at which the shares were issued. (Round your answer to 2 decimal places.) Average issue price per share Required A Required B >
The balance sheet caption for common stock is the following: Common stock without par value, 4,100,000 shares authorized, 840,000 shares issued, and 690,000 shares outstanding $4,000,000 Required: a. Calculate the average price at which the shares were issued. b. If these shares had been assigned a stated value of $1 each, show how the caption here would be different. c. If a cash dividend of $0.12 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? Required A Required B Required C Required D Calculate the average price at which the shares were issued. (Round your answer to 2 decimal places.) Average issue price per share Required A Required B >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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hello, I need help please
Transcribed Image Text:The balance sheet caption for common stock is the following:
Common stock without par value, 4,100,000 shares authorized,
840,000 shares issued, and 690,000 shares outstanding
$4,000,000
Required:
a. Calculate the average price at which the shares were issued.
b. If these shares had been assigned a stated value of $1 each, show how the caption here would be different.
c. If a cash dividend of $0.12 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?
Required A
Required B
Required C
Required D
Calculate the average price at which the shares were issued. (Round your answer to 2 decimal places.)
Average issue price per share
Required A
Required B >
Transcribed Image Text:The balance sheet caption for common stock is the following:
Common stock without par value, 4,100,000 shares authorized,
840,000 shares issued, and 690,000 shares outstanding
$4,000,000
Required:
a. Calculate the average price at which the shares were issued.
b. If these shares had been assigned a stated value of $1 each, show how the caption here would be different.
c. If a cash dividend of $0.12 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?
Required A
Required B
Required C
Required D
es
If these shares had been assigned a stated value of $1 each, show how the caption here would be different.
Common stock at stated value of $1 per share; 4,100,000 shares
authorized, 840,000 issued and 690,000 shares outstanding
Additional paid in capital
Total paid in capital
Required A
Required C
>
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