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

question 76

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 balance of retained earnings after the declaration of a 20% common stock dividend is: __________.

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Definitions:

General Environment

The overall context, including economic, legal, technological, and cultural factors, in which an organization operates.

Gross Domestic Product

The total value of all goods and services produced over a specific time period within a country's borders.

Organisational Culture

The set of shared values, beliefs, and practices that characterizes an organization and influences the behavior of its members.

Production Standards

Established criteria or benchmarks for determining the quality, quantity, and efficiency of production processes within an organization.