Whispering Co. reports the following information for 2020: sales revenue $767,200, cost of goods sold $503,000,...
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....
Blossom Co. reports the following information for 2020: sales revenue $751,300, cost of goods sold $529,700, operating expenses $82,200, and an unrealized holding loss on available-for-sale debt securities for 2020 of $59,200. It declared and paid a cash dividend of $11,080 in 2020. Blossom Co. has January 1, 2020, balances in common stock $353,600; accumulated other comprehensive income $89,000; and retained earnings $91,130. It issued no stock during 2020. (Ignore income taxes.) Prepare a statement of stockholders' equity. BLOSSOM CO....
Nash Co. reports the following information for 2020: sales revenue $780,100,cost of goods sold $514,200, operating expenses $86,500, and an unrealized holding loss on available-for-sale debt securities for 2020 of $55,800. It declared and paid a cash dividend of $12,750 in 2020. Nash Co. has January 1, 2020, balances in common stock $361,000; accumulated other comprehensive income $88,900, and retained earnings $92,560. It issued no stock during 2020. (Ignore income taxes.) Prepare a statement of stockholders' equity. NASH CO. Statement...
Windsor Co. reports the following information for 2020: sales revenue $769,800, cost of goods sold $503,700, operating expenses $82,700, and an unrealized holding loss on available-for-sale debt securities for 2020 of $57,700. It declared and paid a cash dividend of $11,690 in 2020. Windsor Co. has January 1, 2020, balances in common stock $353,400; accumulated other comprehensive income $81,000; and retained earnings $93,870. It issued no stock during 2020. (Ignore income taxes.) Prepare a statement of stockholders’ equity.
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...
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...
Reither Co. reports the following information for 2020: sales revenue, $700,000; cost of goods sold, $500,000; selling and administrative expenses, $80,000; loss on sale of available-for-sale securities, $18,000; unrealized loss on available-for-sale securities, $60,000. Its tax rate is 25%. It issued no stock and declared and paid a dividend of $10,000 to stockholders of 150,000 weighted average shares of common stock outstanding. Reither Co. has these balances as of January 1, 2020: common stock, $350,000; paid-in capital in excess of...
Reither Co. reports the following information for 2020: sales revenue, $700,000; cost of goods sold, $500,000; selling and administrative expenses, $80,000; loss on sale of available-for-sale securities, $18,000; unrealized loss on available-for-sale securities, $60,000. Its tax rate is 25%. It issued no stock and declared and paid a dividend of $10,000 to stockholders of 150,000 weighted average shares of common stock outstanding. Reither Co. has these balances as of January 1, 2020: common stock, $350,000; paid-in capital in excess of...
View Policies Current Attempt in Progress Bramble Co. reports the following information for 2020: sales revenue $756,800, cost of goods sold $518,900, operating expenses $89,600, and an unrealized holding loss on available-for-sale debt securities for 2020 of $54,400. It declared and paid a cash dividend of $12,390 in 2020. Bramble Co. has January 1, 2020, balances in common stock $363,100; accumulated other comprehensive income $88,700; and retained earnings $91,090. It issued no stock during 2020. (Ignore income taxes.) Prepare a...
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.)