Following Is the Shareholders' Equity Section of the Balance Sheet

question 19

Multiple Choice

Following is the shareholders' equity section of the balance sheet of the Optimum Corporation:
$\begin{array} { l }\text { Share capital: }\\ \text { Common shares, } 100,000 \text { shares authorized, }\\65,000 \text { shares issued } & \underline{\$ 650,000} \\\text { Total share capital } & \$ 650,000 \\\text { Retained earnings } & \underline{349,000} \\\text { Total shareholders' equity } & \underline{\$ 999,000} \\\end{array}$

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) $575,000
• B) $950,250
• C) $627,500
• D) $326,500

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