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What the balance in the common shares account

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Question - Following is the shareholders' equity section of the balance sheet of the Everslim Corporation: Share capital:

Common shares, 100,000 shares authorized, 65,000 shares issued $650,000

Total share capital $650,000

Retained earnings 349,000

Total shareholders' equity $999,000

The common shares are currently selling for $15.50 per share.

Required - What the balance in the Common Shares account after the distribution of a 15% common stock dividend?

A) $650,000

B) $747,500

C) $801,125

D) $1,150,125

Reference no: EM133064187

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