Biology Forums - Study Force

Following is the shareholders' equity section of the balance sheet of the Everslim Company:

Share capital:
Preferred shares, 420,000 shares authorized,
4,000 shares of $1.50 preferred issued   $400,000
Common shares, 100,000 shares authorized,
   30,000 shares issued    150,000
   Total share capital   $550,000
Retained earnings    267,000
   Total shareholders' equity   $817,000

The preferred shares are currently selling for $102.25 per share and the common shares are currently selling for $11.50 per share.

The total share capital after the distribution of a $66,000 dividend is:
A) $400,000
B) $150,000
C) $550,000
D) $817,000

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