Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Tomm Tomm
wrote...
Go to Answer
Posts: 653
Rep: 0 0
6 years ago
Following is the shareholders' equity section of the balance sheet of the Everslim 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 balance in the Common Shares account after the distribution of a $0.75 per share cash dividend is:
A) $575,000
B) $627,500
C) $650,000
D) $976,500
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
Read 133 times
3 Replies
ACC 925
Replies
Answer verified by a subject expert
TheSinTheSin
wrote...
#1
Posts: 380
Rep: 16 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

wrote...
#2
3 years ago
ty
wrote...
#3
3 years ago
thanks!!1
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1334 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 289
  
 330
  
 282
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352
Previous poll results: What percentage of nature vs. nurture dictates human intelligence?