(Answered) Exercise common stock balance sheet disclosurethe balance

Accounting

Exercise Common stock balance sheet disclosure

The balance sheet caption for common stock is the following:

Common stock, $3 par value, 3,000,000 shares authorized, 1,160,000 shares issued, 1,140,000 shares outstanding $?

Required:

a. Calculate the dollar amount that will be presented opposite this caption.

b. Calculate the total amount of a cash dividend of $0.16 per share.

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