The shareholders' equity section of Zagreb Corp.at December 31, 2013 was: Common shares, no par value; authorized 20,000 shares; On February 28, 2014, when the market value of Zagreb's shares was $12 per share, the board of directors declared a 15% stock dividend, and accordingly 1,500 additional shares were issued.For the two months ended February 28, 2014, Zagreb reported a net loss of $20,000. What amount should Zagreb report as retained earnings at February 28, 2014?

Question

The shareholders' equity section of Zagreb Corp.at December 31, 2013 was: Common shares, no par value; authorized 20,000 shares;  On February 28, 2014, when the market value of Zagreb's shares was $12 per share, the board of directors declared a 15% stock dividend, and accordingly 1,500 additional shares were issued.For the two months ended February 28, 2014, Zagreb reported a net loss of $20,000. What amount should Zagreb report as retained earnings at February 28, 2014?

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The Answer of The shareholders' equity section of Zagreb Corp.at December 31, 2013 was: Common shares, no par value; authorized 20,000 shares;  On February 28, 2014, when the market value of Zagreb's shares was $12 per share, the board of directors declared a 15% stock dividend, and accordingly 1,500 additional shares were issued.For the two months ended February 28, 2014, Zagreb reported a net loss of $20,000. What amount should Zagreb report as retained earnings at February 28, 2014?

The Shareholders' Equity Section of Zagreb Corp