Swifty Corporation reported the following for 2020: net sales $1,234,800, cost of goods sold $724,000, selling and administrative expenses $323,000, and an unrealized holding gain on available-for-sale debt securities $22,700.
Homework Answers
1) Statement of comprehensive income
For the year ended December 31,2020
| Sales revenue | 1234800 |
| Cost of goods sold | 724000 |
| Gross profit | 510800 |
| Selling and administrative expense | 323000 |
| Net income | 187800 |
| Unrealized holding gain on available for sale securities | 22700 |
| Comprehensive income | 210500 |
2) Statement of comprehensive income
For the year ended December 31,2020
| Sales revenue | 1234800 |
| Cost of goods sold | 724000 |
| Gross profit | 510800 |
| Selling and administrative expense | 323000 |
| Net income | 187800 |
Comprehensive income statement
For the year ended December 31,2020
| Net income | 187800 |
| Other comprehensive income-Unrealized gain on available for sale securities | 22700 |
| Comprehensive income | 210500 |
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Swifty Corporation reported the following for 2020: net sales
$1,234,800, cost of goods sold $724,000, selling...
Whispering Corporation reported the following for 2020: net sales $1,200,400, cost of goods sold $724,400, selling...
Whispering Corporation reported the following for 2020: net
sales $1,200,400, cost of goods sold $724,400, selling and
administrative expenses $330,300, and an unrealized holding gain on
available-for-sale debt securities $16,000.
Prepare a statement of comprehensive income using the one
statement format. (Ignore income taxes and earnings per share.)
Prepare a statement of comprehensive income, using the two
statement format. (Ignore income taxes and earnings per share.)
Splish Corporation reported the following for 2020: net sales $1,242,800, cost of goods sold $737,700, selling...
Splish Corporation reported the following for 2020: net sales $1,242,800, cost of goods sold $737,700, selling and administrative expenses $329,500, and an unrealized holding gain on available-for- sale debt securities $16,600. Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) SPLISH CORPORATION Statement of Comprehensive Income Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes and earnings per share.) SPLISH CORPORATION Income Statement SPLISH CORPORATION Comprehensive...
Marigold Corporation reported the following for 2020: net sales $1,231,600, cost of goods sold $721,400, selling...
Marigold Corporation reported the following for 2020: net sales
$1,231,600, cost of goods sold $721,400, selling and administrative
expenses $329,500, and an unrealized holding gain on
available-for-sale debt securities $24,500.
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Metlock Corporation reported the following for 2020: net sales $1,236,500, cost of goods sold $729,000, selling...
Metlock Corporation reported the following for 2020: net sales $1,236,500, cost of goods sold $729,000, selling and administrative expenses $329,900, and an unrealized holding gain on available-for-sale debt securities $20,700. (a) Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) METLOCK CORPORATION Statement of Comprehensive Income $ $
Sunland Corporation reported the following for 2020: net sales $1,238,000, cost of goods sold $733,900, selling...
Sunland Corporation reported the following for 2020: net sales $1,238,000, cost of goods sold $733,900, selling and administrative expenses $321,900, and an unrealized holding gain on available for sale debt securities $15,800 Con- Prepare a statement of comprehensive income using the one statement format. Ignore income taxes and earnings per share.) SUNLAND CORPORATION Statement of Comprehensive Income port courses/25565/assignments/3797093?module_item_id=12125280 Prepare a statement of comprehensive Income, using the two statement format. (Ignore income taxes and earnings per share.) SUNLAND CORPORATION Income...
Exercise 4-15 Concord Corporation reported the following for 2020: net sales $1,232,000, cost of goods sold...
Exercise 4-15 Concord Corporation reported the following for 2020: net sales $1,232,000, cost of goods sold $737,300, selling and administrative expenses $338,200, and an unrealized holding gain on available-for-sale debt securities $24,300. Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) CONCORD CORPORATION Statement of Comprehensive Income UUUUUUL Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes and earnings per share.) CONCORD CORPORATION Income Statement CONCORD...
Wildhorse Corporation reported the following for 2020: net sales $1,244,400, cost of goods sold $739,000, selling...
Wildhorse Corporation reported the following for 2020: net sales
$1,244,400, cost of goods sold $739,000, selling and administrative
expenses $339,400, and an unrealized holding gain on
available-for-sale debt securities $18,800.
Prepare a statement of comprehensive income using the one
statement format.
Prepare a statement of comprehensive income, using the two
statement format.
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Question 3 --/1 View Policies Current Attempt in Progress Coronado Corporation reported the following for 2020: net sales $1,220,300, cost of goods sold $729,000, selling and administrative expenses $331,600, and an unrealized holding gain on available-for-sale debt securities $16,300. Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) CORONADO CORPORATION Statement of Comprehensive Income w 2/13/2020 3 Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes...
DB 4.8 - Comprehensive Income Francona Corporation reported the following for the current year: net sales...
DB 4.8 - Comprehensive Income Francona Corporation reported the following for the current year: net sales $6,000,000, cost of goods sold $3,750.000; selling and administrative expenses $1.600.000: and an unrealized holding gain on available-for-sale securities $90.000, Required: Prepare a statement of comprehensive income (as discussed and illustrated on pages 22-23 of Chapter 4), using (a) the one statement format and (b) the Iwo statement format Ignore income taxes and earnings per share,
Whispering Corporation reported the following for 2020: net
sales $1,200,400, cost of goods sold $724,400, selling and
administrative expenses $330,300, and an unrealized holding gain on
available-for-sale debt securities $16,000.
Prepare a statement of comprehensive income using the one
statement format. (Ignore income taxes and earnings per share.)
Prepare a statement of comprehensive income, using the two
statement format. (Ignore income taxes and earnings per share.)
Splish Corporation reported the following for 2020: net sales $1,242,800, cost of goods sold $737,700, selling and administrative expenses $329,500, and an unrealized holding gain on available-for- sale debt securities $16,600. Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) SPLISH CORPORATION Statement of Comprehensive Income Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes and earnings per share.) SPLISH CORPORATION Income Statement SPLISH CORPORATION Comprehensive...
Marigold Corporation reported the following for 2020: net sales
$1,231,600, cost of goods sold $721,400, selling and administrative
expenses $329,500, and an unrealized holding gain on
available-for-sale debt securities $24,500.
Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) MARIGOLD CORPORATION Statement of Comprehensive Income VI Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes and earnings per share.) MARIGOLD CORPORATION Income Statement MARIGOLD CORPORATION Comprehensive...
Metlock Corporation reported the following for 2020: net sales $1,236,500, cost of goods sold $729,000, selling and administrative expenses $329,900, and an unrealized holding gain on available-for-sale debt securities $20,700. (a) Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) METLOCK CORPORATION Statement of Comprehensive Income $ $
Sunland Corporation reported the following for 2020: net sales $1,238,000, cost of goods sold $733,900, selling and administrative expenses $321,900, and an unrealized holding gain on available for sale debt securities $15,800 Con- Prepare a statement of comprehensive income using the one statement format. Ignore income taxes and earnings per share.) SUNLAND CORPORATION Statement of Comprehensive Income port courses/25565/assignments/3797093?module_item_id=12125280 Prepare a statement of comprehensive Income, using the two statement format. (Ignore income taxes and earnings per share.) SUNLAND CORPORATION Income...
Exercise 4-15 Concord Corporation reported the following for 2020: net sales $1,232,000, cost of goods sold $737,300, selling and administrative expenses $338,200, and an unrealized holding gain on available-for-sale debt securities $24,300. Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) CONCORD CORPORATION Statement of Comprehensive Income UUUUUUL Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes and earnings per share.) CONCORD CORPORATION Income Statement CONCORD...
Wildhorse Corporation reported the following for 2020: net sales
$1,244,400, cost of goods sold $739,000, selling and administrative
expenses $339,400, and an unrealized holding gain on
available-for-sale debt securities $18,800.
Prepare a statement of comprehensive income using the one
statement format.
Prepare a statement of comprehensive income, using the two
statement format.
E4.15 (LO 2,5) (Comprehensive Income) Roxanne Carter Corporation reported the following for 2020: net sales $1,200,000, cost of goods sold $750,000, selling and administrative expenses $320,000, and an unrealized holding gain on available-for-sale debt securities $18,000. Instructions Prepare a statement of comprehensive income, using (a) the one statement format, and (b) the two statement format. (Ignore income taxes and earnings per share.) E4.16 (LO 5) (Comprehensive Income) C. Reither Co. reports the following information for 2020: sales revenue $700,000, cost...
Question 3 --/1 View Policies Current Attempt in Progress Coronado Corporation reported the following for 2020: net sales $1,220,300, cost of goods sold $729,000, selling and administrative expenses $331,600, and an unrealized holding gain on available-for-sale debt securities $16,300. Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) CORONADO CORPORATION Statement of Comprehensive Income w 2/13/2020 3 Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes...
DB 4.8 - Comprehensive Income Francona Corporation reported the following for the current year: net sales $6,000,000, cost of goods sold $3,750.000; selling and administrative expenses $1.600.000: and an unrealized holding gain on available-for-sale securities $90.000, Required: Prepare a statement of comprehensive income (as discussed and illustrated on pages 22-23 of Chapter 4), using (a) the one statement format and (b) the Iwo statement format Ignore income taxes and earnings per share,
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