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The equity section of Gunkel Corporation as of December 31, 2018, was as follows: Share capital-ordinary, par value 2; authorized 20,000 shares; issued and outstanding
The equity section of Gunkel Corporation as of December 31, 2018, was as follows: Share capital-ordinary, par value 2; authorized 20,000 shares; issued and outstanding 10,000 shares 20,000 Share premium-ordinary 30,000 Retained earnings 75,000 125,000 On March 1, 2019, the board of directors declared a 15% share dividend, and accordingly 1,500 additional shares were issued. On March 1, 2019, the fair value of the share was 6 per share. For the two months ended February 28, 2019, Gunkel sustained a net loss of 10,000. What amount should Gunkel report as retained earnings as of March 1, 2019? 62,000. 65,000. 69,000. 67,000
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