On December 31, 2020, the stockholders’ equity section of Campbell, Inc., was as follows:
Common stock, par value $10: authorized 30,000 shares;
issued and outstanding 15,000 shares
Additional paid-in-capital $110,000
Retained earnings 200,000
On September 1, 2021, Campbell declared a 30% stock dividend, and accordingly issued additional shares, when the far value of the stock was $18 per share. For the year ended December 31, 2021, Campbell sustained a net loss of $50,000. The balance of Campbell’s retained earnings as of December 31 2021 should be?
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