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-   -   On December 31, 2003, the stockholders' equity section of Clark, (https://www.askmehelpdesk.com/showthread.php?t=457722)

  • Mar 14, 2010, 05:20 PM
    cyntroussel
    On December 31, 2003, the stockholders' equity section of Clark,
    On December 31, 2003, the stockholders' equity section of Clark,
    Inc. was as follows:

    Common stock, par value $10; authorized 30,000 shares;
    issued and outstanding 18,000 shares $180,000
    Additional paid-in capital 232,000
    Retained earnings 522,000
    覧覧覧覧
    Total stockholders' equity $934,000

    On March 31, 2004, Clark declared a 10% stock dividend, and
    accordingly 1800 additional shares were issued, when the fair market
    value of the stock was $27 per share. For the three months ended
    March 31, 2004, Clark sustained a net loss of $96,000. The balance
    of Clark's retained earnings as of March 31, 2004, should be
    a. $404,400.
    b. $426,000.
    c. $399,000.
    d. $377,400.
  • Mar 14, 2010, 05:21 PM
    cyntroussel
    On December 31, 2003, the stockholders' equity section of Clark,
    Inc. was as follows:

    Common stock, par value $10; authorized 30,000 shares;
    issued and outstanding 18,000 shares $180,000
    Additional paid-in capital 232,000
    Retained earnings 522,000
    覧覧覧覧
    Total stockholders' equity $934,000

    On March 31, 2004, Clark declared a 10% stock dividend, and
    accordingly 1800 additional shares were issued, when the fair market
    value of the stock was $27 per share. For the three months ended
    March 31, 2004, Clark sustained a net loss of $96,000. The balance
    of Clark's retained earnings as of March 31, 2004, should be
    a. $404,400.
    b. $426,000.
    c. $399,000.
    d. $377,400.
  • Mar 15, 2010, 12:19 PM
    morgaine300

    Please see the guidelines for submitting homework:
    https://www.askmehelpdesk.com/financ...-b-u-font.html

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