The balance sheet caption for common stock is common stock, Ask an Expert

Accounting

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.

(c.) What accounts for the difference between issued shares and outstanding shares?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9956714

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