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how do you solve this to get A.) On December 31, 2006, the stockholders' equity section of Clark, Inc., was as follows: On March 31,
how do you solve this to get A.)
On December 31, 2006, the stockholders' equity section of Clark, Inc., was as follows: 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 $125, 800. $133, 000. $134, 800. $142, 000Step by Step Solution
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