FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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 >
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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 >
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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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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