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

Accounting

The balance sheet caption for common stock is the following: Common stock, $5 par value, 4,000,000 shares authorized, 2,800,000 shares issued, 2,500,000 shares outstanding $ ? Required:

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

Ammount:

b. Calculate the total amount of a cash dividend of $0.30 per share.

Cash Dividend:

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92047108

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