Calculate the average price at which the shares were issued

Assignment Help Accounting Basics

Reference no: EM13598325

The balance sheet caption for common stock is the following:

Common stock without par value, 2,000,000 shares authorized, 400,000 shares issued, and 360,000 shares outstanding $2,600,000

Required:
(a) Calculate the average price at which the shares were issued. (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

(c) If a cash dividend of $.60 per share were declared, calculate the total amount of cash that would be paid to stockholders. (Omit the "$" sign in your response.)

(d) What accounts for the difference between issued shares and outstanding shares?

Reference no: EM13598325

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