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

question 151

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

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Definitions:

Emotion

A complex psychological state involving an individual's subjective experience, physiological response, and behavioral or expressive response.

Flashbulb Memories

Vivid, highly detailed memories of significant events, typically retained with a feeling of emotional intensity.

Confidence

the feeling or belief that one can rely on someone or something; firm trust. It's also a feeling of self-assurance arising from one's appreciation of one's own abilities or qualities.