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tHE BALANCE SHEET CAPTION FOR COMMON STOCK IS; Common stock, $10 par value, 7,000,000 shares authorized, 5,700,000 shares issued, 5,500,000 shares...

tHE BALANCE SHEET CAPTION FOR COMMON STOCK IS;
Common stock, $10 par value, 7,000,000 shares authorized, 5,700,000 shares issued, 5,500,000 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 $1.00 per share.
(c.) What accounts for the difference between issued shares and outstanding shares?
Difficulty: Medium

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