Following Is the Shareholders' Equity Section of the Balance Sheet

question 111

Multiple Choice

Following is the shareholders' equity section of the balance sheet of the Optimum Corporation: Share capital:
Common shares,100,000 shares authorized,
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

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