Business, 08.10.2020 01:01 elijahjacksonrp6z2o7
Stockholders' equity of Empowerment Inc. as of December 31, 2018, is as follows: Common stock, par value $2; authorized 20,000 shares; issued and outstanding 10,000 shares $ 20,000 Paid-in capital in excess of par 30,000 Retained earnings 85,000 $135,000 On May 1, 2018, the BOD declared a 15% stock dividend, and accordingly 1,500 additional shares were issued. On May 1, 2018, the fair value of the stock was $6 per share. For the 4 months ended April 30, 2018, Empowerment reported a $15,000 net loss. What amount should Empowerment report as retained earnings as of May 1, 2018
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Stockholders' equity of Empowerment Inc. as of December 31, 2018, is as follows: Common stock, par v...
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