Question: Could someone explain this please and not just give the answer. I've looks at the other similar answers and can't figure this out. The balance
Could someone explain this please and not just give the answer. I've looks at the other similar answers and can't figure this out.
The balance sheet caption for common stock is the following: Common stock without par value, 3,900,000 shares authorized, 900,000 shares issued, and 730,000 shares outstanding $ 2,800,000 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 $0.11 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? Answer is complete but not entirely correct. Required A Required B Required C Required D 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; 3,900,000 shares authorized, 900,000 issued and 730,000 shares outstanding Additional paid in capital Total paid in capital $ 900,000 (900,000) $ 0 $
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