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ExercisGommon stock-calculate issue price and dividend amount The balance sheet caption...

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Accounting

ExercisGommon stock-calculate issue price and dividend amount The balance sheet caption for common stock
8.12 is the following:
LO 8-1,
8-3
Required:
a. Calculate the average price at which the shares were issued.
b. If these shares had been assigned a stated value of $1 each, show how the caption here would be
different.
c. If a cash dividend of $1.60 per share were declared, calculate the total amount of cash that would be paid
to stockholders.
d. What accounts for the difference between issued shares and outstanding shares?
image

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