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

question 81

Short Answer

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 total shareholders' equity after the declaration of a 10% common stock dividend is: __________.

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Definitions:

Internal Customers

Individuals or departments within an organization that rely on the support or services of other parts of the organization to fulfill their roles and responsibilities.

External Customers

Individuals or entities outside of an organization that receive or consume the products or services offered by the organization.

Dependent Employees

Employees who rely on their employers for work direction and income, typically having less autonomy in their roles compared to independent contractors or freelancers.

Symbolic Leader

Uses symbols to establish and maintain a desired organisational culture.