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