Business, 11.09.2019 01:30, dilibngalmira
The stockholders' equity section of gunkel corporation as of december 31, 2014, was as follows:
common stock, par value $2; authorized 20,000 shares;
issued and outstanding 10,000 shares
$20,000
paid-in capital in excess of par
30,000
retained earnings
95,000
$145,000
on march 1, 2015, the board of directors declared a 15% stock dividend, and accordingly 1,500 additional shares were issued. on march 1, 2015, the fair value of the stock was $6 per share. for the two months ended february 28, 2015, gunkel sustained a net loss of $15,000.
what amount should gunkel report as retained earnings as of march 1, 2015?
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The stockholders' equity section of gunkel corporation as of december 31, 2014, was as follows:
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