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Following is the shareholders' equity section of the balance sheet of the Olive Corporation: Share capital: Common shares, 200,000 shares authorized, 70,000 shares issued $700,000
Following is the shareholders' equity section of the balance sheet of the Olive Corporation: Share capital: Common shares, 200,000 shares authorized, 70,000 shares issued $700,000 Total share capital $700,000 Retained earnings 350,000 Total shareholders' equity $1,050,000 The common shares are currently selling for $15.50 per share. After distribution of a 15% common stock dividend, how much is the share capital
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