The Shareholders' Equity Section of Zagreb Corp

question 166

Multiple Choice

The shareholders' equity section of Zagreb Corp.at December 31, 2013 was: Common shares, no par value; authorized 20,000 shares; On February 28, 2014, 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, 2014, Zagreb reported a net loss of $20,000. What amount should Zagreb report as retained earnings at February 28, 2014?

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

---

Definitions:

Socioeconomic Status

A combined measure of an individual's or family’s economic and social position relative to others, based on income, education, and occupation.

Sigmund Freud

An Austrian neurologist known for founding psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Id

In psychoanalytic theory, the part of the personality responsible for basic drives and instincts.

Ego

In Freud’s theory, a set of reactions that try to reconcile the id’s blind pleasure strivings with the demands of reality.