For the three months ended march 31 2007 clark sustained a, Ask an Expert

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On December 31, 2006, the stockholders' equity section of Clark, Inc., was as below. On March 31, 2007, Clark declared a 10% stock dividend, and accordingly 900 additional shares were issued, when the fair market value of the stock was $18 per share. For the three months ended March 31, 2007, Clark sustained a net loss of $32,000. The balance of Clark's retained earnings as of March 31, 2007, should be???

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M994359

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