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Accounting
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The balance sheet caption for common stock is the following: Conmon stock without par value, 5,60e,600 shares authorized, 790,600 shares 1ssued, and 710,80e shares outstanding: 52,900,660 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 $0.12 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? Calculate the average price at which the shares were issued. Note: Round your answer to 2 decimal places
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