Table 14-5
Following Is the Shareholders' Equity Section of the Balance

question 128

Essay

Table 14-5
Following is the shareholders' equity section of the balance sheet of Bradson Ltd.:
Contributed capital
$\begin{array}{ll}\text {Preferred shares, \( \$2\), noncumulative, 75,000 shares}\\\text {authorized, 10,000 shares issued}&\$ 300,000 \\\text {Common shares, 300,000 shares authorized,50,000}\\\text { shares issued } & \underline{400,000} \\\text { Total contributed capital } & 700,000 \\\text { Retained earnings } & \underline{490,000} \\\text { Total shareholders' equity } &\underline{ \$ 1,190,000}\end{array}$
The preferred shares are currently selling for $34.00 per share and the common shares are currently selling for $12.00 per share.
-Refer to Table 14-5.The total contributed capital after the declaration of a 10% common stock dividend is: __________.

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Definitions:

Achievement Motivation

The inner drive or desire to attain a goal or reach a certain level of performance, often linked to success in various endeavors.

Competitive Play

Activities or games where individuals or teams compete against each other with the objective of winning or achieving a specific goal.

Narcissism

A personality trait or disorder characterized by self-centeredness, a lack of empathy for others, and an excessive need for admiration.

Narcissism

A personality trait characterized by a grandiose sense of self-importance, a need for admiration, and a lack of empathy for others.