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could someone explain this plz Question 30 (1 point) The following is the shareholders' equity information on the balance sheet of the Everslim Company at
could someone explain this plz
Question 30 (1 point) The following is the shareholders' equity information on the balance sheet of the Everslim Company at the beginning of the year of 2019. Common shares (100,000 shares authorized, 30,000 shares issued) are $550,000. Retained earnings are $267,000. At the end of the year of 2019, the common shares are currently selling for $11.50 per share. On July 1, 2019, the company issued new common shares that were worth $50,550. The company declared the $50,000 cash dividend on December 30, 2019, with the scheduled payment on January 15, 2020. The company also declared the $20,000 stock dividend on December 31, 2019, with the scheduled issuance of the shares on January 31, 2020. What is the total amount of the shareholder's equity that must be reported on the balance sheet at the end of the year of 2019? For your answer, make sure to put the number without dollar signs ($), commas (,), periods (.), and decimal points. Again, please state the number only without dollar signs, commas, periods, and decimal points for your answer. For example, if the answer happens to be 12345, then you must simply put 12345Step by Step Solution
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