Calculate the average price at which the shares were issued

Reference no: EM13598329

Common Stock-calculate issue price and dividend amount. The balance sheet caption for common stock is the following:

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

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 $.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?

Reference no: EM13598329

Questions Cloud

A companys statement of cash flows shows its cash inflows : a companys statement of cash flows shows its cash inflows cash outflows and net change in cash from operating investing

Calculate the total dividends and the per-share dividends : southern star inc. manufactures and sells surfboards in florida georgia and the alabama. a publicly owned corporation

The discussion activity for module 1 is based on case 11 : the discussion activity for module 1 is based on case 1.1 reliability of financial statements in financial and

Purchased dental equipment on january 1 for 80000 paying : andy wrightd.d.s. opened a dental practice on january 1 2008. during the first month of operations the following

Calculate the average price at which the shares were issued : common stock-calculate issue price and dividend amount. the balance sheet caption for common stock is the following

Listed below are the unadjusted general ledger account : listed below are the unadjusted general ledger account balances of franklin co. at december 31 2010 amounts are

Why is it important to keep paid-in capital separate from : 1. why is it important to keep paid-in capital separate from earned capital?2. as an investor is paid-in capital or

In addition to those accounts listed on the trial balance : neosho river resort inc. opened for business on june 1 with eight air-conditioned units. its trial balance before

Calculate the average price at which the shares were issued : the balance sheet caption for common stock is the following common stock without par value 2000000 shares authorized

User Account

All Pages