Following is the shareholders' equity section of the balance sheet of the Everslim Corporation: Share capital:
Common shares,100,000 shares authorized,
The common shares are currently selling for $15.50 per share.
The balance in the Common Shares account after the distribution of a 15% common stock dividend is:
A) $650,000
B) $747,500
C) $801,125
D) $1,150,125
Correct Answer:
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