Homework Answers
Answer- SANDHILL CO.
Statement of Stockholders' Equity
For the Year Ended December 31,2017
| Total | Retained earnings | Accumulated other comprehensive income | Common Stock | |
| Beginning balance |
$552,030 |
$95,830 | $87,500 | $368,700 |
| Net income | $156,600 | $156,600 | ||
| Less: Other Comprehensive Income | ||||
| Unrealized holding loss | ($56,700) | ($56,700) | ||
| Cash dividend | ($14,660) | ($14,660) | ||
| Ending balance | $637,270 | $237,770 | $30,800 | $368,700 |
Working Note: Net Income= Sales Revenue- Cost of Goods Sold-Operating Expenses
=$762,800-$524,200-$82,000
=$156,600
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System Announcements g. 16e CALCULATOR Exercise 4-16 Sandhill Co, reports the following information for 2017: sales...
Exercise 4-16 Waterway Co. reports the following information for 2017: sales revenue $767,500, cost of goods sold $505,0...
Exercise 4-16
Waterway Co. reports the following information for 2017: sales
revenue $767,500, cost of goods sold $505,000, operating expenses
$84,800, and an unrealized holding loss on available-for-sale
securities for 2017 of $52,000. It declared and paid a cash
dividend of $12,650 in 2017.
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$360,700; accumulated other comprehensive income $86,400; and
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Prepare a statement of stockholders’ equity.
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revenue $763,800, cost of goods sold $501,800, operating expenses
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securities for 2020 of $56,700. It declared and paid a cash
dividend of $11,270 in 2020.
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Exercise 4-16
Waterway Co. reports the following information for 2017: sales
revenue $767,500, cost of goods sold $505,000, operating expenses
$84,800, and an unrealized holding loss on available-for-sale
securities for 2017 of $52,000. It declared and paid a cash
dividend of $12,650 in 2017.
Waterway Co. has January 1, 2017, balances in common stock
$360,700; accumulated other comprehensive income $86,400; and
retained earnings $91,890. It issued no stock during 2017.
Prepare a statement of stockholders’ equity.
WATERWAY CO. Statement of...
Oriole Co. reports the following information for 2020: sales revenue $778,900, cost of goods sold $515,500, operating expenses $89,100, and an unrealized holding loss on available-for-sale debt securities for 2020 of $58,700. It declared and paid a cash dividend of $12,690 in 2020. Oriole Co. has January 1, 2020, balances in common stock $355,000; accumulated other comprehensive income $84,300; and retained earnings $92,170. It issued no stock during 2020. (Ignore income taxes.) Prepare a statement of stockholders' equity. ORIOLE CO....
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Vaughn Co. reports the following information for 2020: sales
revenue $763,800, cost of goods sold $501,800, operating expenses
$83,200, and an unrealized holding loss on available-for-sale debt
securities for 2020 of $56,700. It declared and paid a cash
dividend of $11,270 in 2020.
Vaughn Co. has January 1, 2020, balances in common stock $362,500;
accumulated other comprehensive income $86,300; and retained
earnings $94,270. It issued no stock during 2020. (Ignore income
taxes.)
Prepare a statement of stockholders’ equity.
Vaugha Coreports...
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Whispering Co. reports the following information for 2020: sales revenue $767,200, cost of goods sold $503,000, operating expenses $87,800, and an unrealized holding loss on available-for-sale debt securities for 2020 of $59,600. It declared and paid a cash dividend of $14.450 in 2020. Whispering Co. has January 1, 2020, balances in common stock $362,300; accumulated other comprehensive income $87,600; and retained earnings $91,850. It issued no stock during 2020. (Ignore income taxes.) Prepare a statement of stockholders' equity. WHISPERING CO....
Exercise 16-12 a-b (Part Level Submission) (Video) Sandhill Company has the following data at December 31, 2020. Securities Cost Fair Value Trading $118,600 $123,200 Available-for-sale 103,800 90,600 The available-for-sale securities are held as a long-term investment. (a) (b) Indicate the statement presentation of each class of securities and the related unrealized gain (loss) ace Sandhill Company Balance Sheet (Partial) December 31, 2020 Current Assets 123200 Investments Sandhill Company Income Statement (Partial) December 31, 2020 Sandhill, Company Comprehensive Income Statement December...
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