The Balance Sheet Caption for Common Stock Is

question 48

Essay

The balance sheet caption for common stock is:
Common stock, no par value, 15,000,000 shares authorized, 9,200,000 shares issued, 8,900,000 shares outstanding $1,104,000,000
(a.)Calculate the average price at which the shares were issued.
(b.)If these shares had been assigned a stated value of $10 each, show how the above caption would be different.
(c.)Calculate the total amount of cash that would be paid to stockholders if a cash dividend of $1.50 per share were declared.

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Definitions:

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Coughing that occurs after surgery, which can be a normal response or indicate complications such as infection or aspiration.

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An employee who is paid a fixed amount of money or compensation periodically, often annually or monthly, regardless of the number of hours worked.

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A formal statement of income filed with a tax authority to calculate and pay taxes owed.