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  1. business
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  3. on march 31, 2018, arndt declared a 15\% stock div

On March 31, 2018, Arndt declared a 15\% stock dividend, and accordingly 1,350 additional shares...

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Accounting

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On March 31, 2018, Arndt declared a 15\% stock dividend, and accordingly 1,350 additional shares were issued, when the fair value of the stock was $20 per share. For the three months ended March 31, 2018, Arndt recorded a net income of $40,000. The balance of Arndt's retained earnings as of March 31, 2018, should be a. $194,000. b. $154,800. c. $127,000. d. $207,000

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