On December 31,2014,the stockholders' equity section of Pierce Co.was as follows:

On March 31,2015,Pierce declared a 10 percent stock dividend,and accordingly 1,800 additional shares were issued,when the fair market value of the stock was $16 per share.For the three months ended March 31,2015,Pierce sustained a net loss of $64,000.The balance of Pierce's Retained Earnings as of March 31,2015,should be

Question

On December 31,2014,the stockholders' equity section of Pierce Co.was as follows:

On March 31,2015,Pierce declared a 10 percent stock dividend,and accordingly 1,800 additional shares were issued,when the fair market value of the stock was $16 per share.For the three months ended March 31,2015,Pierce sustained a net loss of $64,000.The balance of Pierce's Retained Earnings as of March 31,2015,should be

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The Answer of On December 31,2014,the stockholders' equity section of Pierce Co.was as follows:

On March 31,2015,Pierce declared a 10 percent stock dividend,and accordingly 1,800 additional shares were issued,when the fair market value of the stock was $16 per share.For the three months ended March 31,2015,Pierce sustained a net loss of $64,000.The balance of Pierce's Retained Earnings as of March 31,2015,should be

On December 31,2014,the Stockholders' Equity Section of Pierce Co