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Tomm Tomm
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6 years ago
Following is the shareholders' equity section of the balance sheet of the Optimum Corporation:

Share capital:
Common shares, 100,000 shares authorized,
   65,000 shares issued    $650,000
   Total share capital   $650,000
Retained earnings    349,000
   Total shareholders' equity   $999,000

The common shares are currently selling for $15.50 per share.

The total shareholders' equity after the distribution of a $0.75 per share cash dividend is:
A) $326,500
B) $575,000
C) $627,500
D) $950,250
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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ACC 925
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msayed2004msayed2004
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6 years ago
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Tomm Author
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6 years ago
Brilliant ツ
Shuqin
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Smart ... Thanks!
Tabitha.davis
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Correct Slight Smile TY
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