The equity section of Gunkel Corporation as of December 31, 2010, was as follows:
On March 1, 2011, the board of directors declared a 15% share dividend, and accordingly 1,500 additional shares were issued.On March 1, 2011, the fair value of the share was $6 per share.For the two months ended February 28, 2011, Gunkel sustained a net loss of $10,000.

What amount should Gunkel report as retained earnings as of March 1, 2011?

Question

The equity section of Gunkel Corporation as of December 31, 2010, was as follows:
On March 1, 2011, the board of directors declared a 15% share dividend, and accordingly 1,500 additional shares were issued.On March 1, 2011, the fair value of the share was $6 per share.For the two months ended February 28, 2011, Gunkel sustained a net loss of $10,000.

What amount should Gunkel report as retained earnings as of March 1, 2011?

Quizplus · Accepted Answer

The Answer of The equity section of Gunkel Corporation as of December 31, 2010, was as follows:
On March 1, 2011, the board of directors declared a 15% share dividend, and accordingly 1,500 additional shares were issued.On March 1, 2011, the fair value of the share was $6 per share.For the two months ended February 28, 2011, Gunkel sustained a net loss of $10,000.

What amount should Gunkel report as retained earnings as of March 1, 2011?

The Equity Section of Gunkel Corporation as of December 31