Following Is the Shareholders' Equity Section of the Balance Sheet

question 78

Multiple Choice

Following is the shareholders' equity section of the balance sheet of the Everslim Corporation: Share capital:
Common shares,100,000 shares authorized,
The common shares are currently selling for $15.50 per share.
The balance in the Common Shares account after the distribution of a 15% common stock dividend is:

• A) $650,000
• B) $747,500
• C) $801,125
• D) $1,150,125

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Definitions:

Hemichordates

A group of marine animals closely related to chordates, characterized by having a body divided into three parts: a proboscis, a collar, and a trunk.

Deuterostomes

A group of animals characterized by the development of the mouth from an opening other than the blastopore during embryonic development.

Derived Characteristics

Traits that are present in an organism but were absent in the last common ancestor of the group to which the organism belongs.

Flightless Bird

A bird that has evolved to lose the ability to fly, often due to changes in its habitat or predation pressures.