Accounting Basics for Managers
Final Exam
Problem 1:
The balance sheet presents the following common stock information:
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 as Common stock.
= 5,700,000 × $10
= $57,000,000
(b.) Calculate the total amount of a cash dividend of $1.00 per share.
