Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. common stock without par value, 4,100,000 shares a

Common stock without par value, 4,100,000 shares authorized, 890,000 shares issued, and 700,000 shares outstanding...

60.1K

Verified Solution

Question

Accounting

Common stock without par value, 4,100,000 shares authorized, 890,000 shares issued, and 700,000 shares outstanding $ 2,600,000 Required: Calculate the average price at which the shares were issued. If these shares had been assigned a stated value of $1 each, show how the caption here would be different. If a cash dividend of $0.20 per share were declared, calculate the total amount of cash that would be paid to stockholders. What accounts for the difference between issued shares and outstanding shares

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students