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?