Reference no: EM132465621

The balance sheet caption for common stock is the following:

Common stock without par value, 3,200,000 shares authorized, 770,000

shares issued, and 720,000 shares outstanding$3,500,000

Required:

Question 1: Calculate the average price at which the shares were issued.

Question 2: If these shares had been assigned a stated value of $1 each, show how the caption here would be different.

Question 3: If a cash dividend of $0.14 per share were declared, calculate the total amount of cash that would be paid to stockholders.

Question 4: What accounts for the difference between issued shares and outstanding shares?