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please provide answer with proper calculation 1) Alhilal Reported the following amount of the shareholder section at December 31, 2020 was: Common shares, no par
please provide answer with proper calculation
1) Alhilal Reported the following amount of the shareholder section at December 31, 2020 was: Common shares, no par value; authorized 20,000 shares; issued and outstanding 10,000 shares..... S50,000 Retained earnings......... 200,000 S 250.000 It was reported on February 28, 2021, that the market value of Alhilal's shares was S 12 per share, the board of directors declared a 15% stock dividend, and accordingly 1,500 additional shares were issued. For the two months ended February 28, 2020, Alhilal reported a net loss of S 20,000. Prepare the statement of retained earnings on February 28, 2021 Step by Step Solution
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