(Answered) Question - based on the following account balances what is

Accounting

Question - Based on the following account balances, what is the total shareholders' equity?

Common Shares........................................................... $600,000

Stock Dividends Distributable....................................... 40,000

Retained Earnings......................................................... 190,000

Preferred Shares........................................................... 20,000

Dividends Payable........................................................ 30,000

(a) $620,000

(b) $800,000

(d) $850,000

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