The Balance Sheet Caption for Common Stock Is: Common Stock $7,000,000$

question 18

Essay

The balance sheet caption for common stock is: Common stock, no par value, $7,000,000$ shares authorized,
$4,600,000$ shares issued, $4,450,000$ shares outstanding $\quad \$ 552,000,000$ (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:

Adult Children

Adults who continue to live with their parents due to economic, emotional, or personal reasons, or sometimes referring to adults who grew up in a dysfunctional household.

Spouses

Legally married partners or significant others in a marital-like relationship.

Treatment Options

Various interventions and methodologies available for the management or cure of diseases, disorders, and conditions.

Neurocognitive Disorders

A group of conditions that primarily affect cognitive function, such as learning, memory, perception, and problem-solving, often as a result of a brain injury or neurological disease.