Question: Needing help with A,B, C - Thank you! Exercise 8-12 (Algo) Common stock-calculate issue price and dividend amount LO 8-1, 8-3 The balance sheet caption
Needing help with A,B, C - Thank you!
Exercise 8-12 (Algo) Common stock-calculate issue price and dividend amount LO 8-1, 8-3 The balance sheet caption for common stock is the following: Commonstockwithoutparvalue,3,800,000sharesauthorized,770,000sharesissued,and650,000sharesoutstanding$2,400,000 issued, and 650,000 shares outstanding 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 not complete. Calculate the average price at which the shares were issued. Note: Round your answer to 2 decimal places
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