On January 1, 2013, Bogie Corporation Had 40,000 Common Shares

Multiple Choice

On January 1, 2013, Bogie Corporation had 40,000 common shares outstanding issued at $16 each during 2012. On June 1, 2013, Bogie Corporation issued 5,000 shares of its common shares at $15 per share. On September 30, 2013, Bogie Corporation repurchased 3,000 shares of its common shares for $17 per share. On November 30, 2013, Bogie Corporation reissued 2,000 shares of repurchased shares at $18 per share. The balance in Share Capital on December 31, 2013, as shown on the statement of shareholders' equity, is:

A) $640,000
B) $700,000
C) $703,333
D) $756,000