The Shareholders' Equity Section of Zagreb Corp

question 154

Multiple Choice

The shareholders' equity section of Zagreb Corp. at December 31, 2019 was: Common shares, no par value; authorized 20,000 shares; On February 28, 2020, when the market value of Zagreb's shares was $ 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, Zagreb reported a net loss of $ 20,000.
What amount should Zagreb report as retained earnings at February 28, 2020?

• A) $ 162,000
• B) $ 180,000
• C) $ 182,000
• D) $ 198,000

---

Definitions:

Situational Low Self-Esteem

A temporary decrease in confidence and self-worth triggered by specific situations or events.

Major Depressive Disorder

A clinical condition where an individual suffers from severe depression symptoms that interfere with daily life and functionality.

Powerlessness

The feeling of lacking control or influence over one's own life or external circumstances.