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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 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 number of common shares authorized and issued after the distribution of a 15% common stock dividend is:
A) 115,000 and 74,750
B) 115,000 and 65,000
C) 100,000 and 74,750
D) 100,000 and 65,000
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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msayed2004msayed2004
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6 years ago
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