The stockholders' equity section of Vaughn Manufacturing as of December 31, 2020, was as follows:...
60.1K
Verified Solution
Link Copied!
Question
Accounting
The stockholders' equity section of Vaughn Manufacturing as of December 31, 2020, was as follows: Common stock par value $2: authorized 19600 shares isted and outstanding 9800 shares Paid-in capital in excess of par 519600 28000 90000 Retained earnings $137600 On March 1, 2021, the board of directors declareda 14% stock dividend, and accordindy 1372 additional shares were issued on March 12021. the fair value of the stock was $7 per share. For the two months ended February 28, 2021. Vauche sustained a net loss of $15900 What amount should Vaughn report as retained earnings as of March 12021? S4496 $68612 572896 577012
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
