The balance sheet caption for common stock is the following: common stock, $5 par value, 2,550,000 shares authorized, 1,120,000 shares issued, 1,150,000 shares outstanding$? required: calculate the dollar amount that will be presented opposite this caption. calculate the total amount of a cash dividend of $0.21 per share. what accounts for the difference between issued shares and outstanding shares?
Answers: 2
Business, 21.06.2019 20:50, josephvcarter
Last year, western corporation had sales of $5 million, cost of goods sold of $3 million, operating expenses of $175,000 and depreciation of $125,000. the firm received $40,000 in dividend income and paid $200,000 in interest on loans. also, western sold stock during the year, receiving a $40,000 gain on stock owned 6 years, but losing $60,000 on stock owned 4 years. what is the firm's tax liability?
Answers: 2
The balance sheet caption for common stock is the following: common stock, $5 par value, 2,550,000...
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