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Question 13 On December 31, 2020, the stockholders' equity section of Concord Corporation, was as follows: Common stock, par value $10; authorized 35000 shares; Issued
Question 13 On December 31, 2020, the stockholders' equity section of Concord Corporation, was as follows: Common stock, par value $10; authorized 35000 shares; Issued and outstanding 10500 shares $ 105000 Additional paid in capital 113000 Retained earnings 187000 Total stockholders' equity $405000 On March 31, 2021, Concord declared a 10% stock dividend, and accordingly 1050 additional shares were issued, when the fair value of the stock was $19 per share. For the three months ended March 31, 2021, Concord sustained a net loss of $40200. The balance of Concord's retained earnings as of March 31, 2021, should be $146800. $126850. $137350 $136300 Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used
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