The balance sheet caption for common stock is the following: Common stock without par value, 4,000,000...

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The balance sheet caption for common stock is the following: Common stock without par value, 4,000,000 shares authorized, 790,000 shares $ 3,700,000 issued, and 710,000 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 $0.15 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. Note: 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, 4,000,000 shares authorized, 790,000 shares $ 3,700,000 issued, and 710,000 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 $0.15 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. Note: Round your answer to 2 decimal places. Average issue price per share < Required A Required B >

Answer rating: 100% (QA)

Summary i 1 Average Price Per Share 521 Per Sh... View the full answer