Calculate the total amount of a cash dividend

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Reference no: EM131880958

Question: 1. The balance sheet caption for common stock is: Common stock, $25 par value, 5,000,000 shares authorized, 3,500,000 shares issued, 3,410,000 shares outstanding $.

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

b. Calculate the total amount of a cash dividend of $2.90 per share.

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

Reference no: EM131880958

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