On January 1,2016,Proven Technology Corporation's common shares account had a balance of $250,000,representing 25,000 shares issued at $10 per share.On May 15,2016,12,000 shares were issued for $150,000 cash.On August 31,2016,a 10% stock dividend was declared and distributed.What is the balance in Common Shares appearing on the statement of shareholders' equity on December 31,2016?

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The initial balance is $250,000. Issuing 12,000 shares at $150,000 increases it to $400,000. The stock dividend does not affect the balance in the Common Shares account.

On January 1,2016,Proven Technology Corporation's Common Shares Account Had a Balance