(Answered) Question - the balance sheet caption for common stock

Accounting

Question - The balance sheet caption for common stock is:

Common stock, $10 par value, 7,000,000 shares authorized, 5,700,000 shares issued, 5,500,000 shares outstanding.

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

(b) Calculate the total amount of a cash dividend of $1.00 per share.

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