Top Posters
Since Sunday
e
5
e
4
4
d
4
o
3
p
3
t
3
3
m
3
p
3
m
3
f
3
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 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:
Read 111 times
1 Reply
ACC 925
Replies
Answer verified by a subject expert
msayed2004msayed2004
wrote...
#1
Posts: 353
Rep: 7 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

Tomm Author
wrote...

6 years ago
Helped a lot
gefa
wrote...

Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
jayfo05
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  900 People Browsing
 112 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 44
  
 193
  
 900