Common stock balance sheet disclosure ;The balance sheet caption for common stock is the following: Common stock, $5 par value, 2,000,000 shares authorized, 1,400,000 shares issued, 1,250,000 shares outstanding $ ???
a. Calculate the dollar amount that will appear in the caption above.
b. Calculate the total amount of a cash dividend of $0.15 per share.
c. What accounts for the difference between the issued shares and outstanding shares?