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Question 11 (1 point) Following is the shareholders' equity section of the balance sheet of the Everslim Corporation: Share capital: Common shares, 100,000 shares authorized,
Question 11 (1 point) 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 $650,000 issued Total share capital $650,000 Retained earnings 349,000 Total shareholders' $999,000 equity The common shares are currently selling for $15.50 per share. The number of common shares authorized and issued after the distribution of a 15% common stock dividend is: a) 100,000 and 74,750 b) 115,000 and 65,000 C) 100,000 and 65,000 d) 115,000 and 74,750
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