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The stockholders' equity section of Blossom Corporation as of December 31, 2025, was as follows: The stockholders' equity section of Blossom Corporation as of December
The stockholders' equity section of Blossom Corporation as of December 31, 2025, was as follows:
The stockholders' equity section of Blossom Corporation as of December 31,2025 , was as follows: Common stock, par value $2; authorized 19000 shares; On March 1, 2026, the board of directors declared a 14\% stock dividend, and accordingly 1330 additional shares were issued. On March 1, 2026, the fair value of the stock was $5 per share. For the two months ended February 28,2026 , Blossom sustained a net loss of $14000. What amount should Blossom report as retained earnings as of March 1, 2026? $59350$72000.$65350.$66000Step by Step Solution
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