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Calculate the dollar amount that will be presented

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Question - The balance sheet caption for common stock is the following: Common stock, $5 par value, 4,000,000 shares authorized, 2,800,000 shares issued, 2,500,000 shares outstanding $?

Required -

a. Calculate the dollar amount that will be presented opposite this caption.

b. Calculate the total amount of a cash dividend of $0.30 per share.

c. What accounts for the difference between issued shares and outstanding shares?

Reference no: EM133156969

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