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

question 189

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 in the common shares account after the declaration of a 10% common stock dividend is: __________.

Identify the impact of external events on market equilibrium (price and quantity).

Distinguish between complements and substitutes in consumption and their market effects.

Analyze the impact of technological advancements on supply and market equilibrium.

Understand the relationship between income changes and demand for normal and inferior goods.

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Definitions:

Amphetamines

A class of potent stimulant drugs that affect the central nervous system, enhancing alertness and energy.

Appetite

A natural desire to satisfy a bodily need, especially for food.

Psychoactive Drugs

Substances that alter perception, mood, and behavior by affecting brain function.

Universal

Relating to, affecting, or applicable to every part of something or to all within a category or group.