The balance sheet caption for common stock is:
Common stock, no par value, 15,000,000 shares authorized, 9,200,000 shares issued, 8,900,000 shares outstanding $1,104,000,000
(a.)Calculate the average price at which the shares were issued.
(b.)If these shares had been assigned a stated value of $10 each, show how the above caption would be different.
(c.)Calculate the total amount of cash that would be paid to stockholders if a cash dividend of $1.50 per share were declared.

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The Answer of The balance sheet caption for common stock is:
Common stock, no par value, 15,000,000 shares authorized, 9,200,000 shares issued, 8,900,000 shares outstanding $1,104,000,000
(a.)Calculate the average price at which the shares were issued.
(b.)If these shares had been assigned a stated value of $10 each, show how the above caption would be different.
(c.)Calculate the total amount of cash that would be paid to stockholders if a cash dividend of $1.50 per share were declared.

The Balance Sheet Caption for Common Stock Is