calculate the total amount of a cash dividend of 15 per share 638361

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

$

?

Required:

a. Calculate the dollar amount that will be presented opposite this caption.

b. Calculate the total amount of a cash dividend of $.15 per share.

c. What accounts for the difference between issued shares and outstanding shares?