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E4.13 (LO 3) (Earnings per Share) At December 31, 2019, Shiga Naoya Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,500 shares $10,750,000 Common stock, $5 par, 4,000,000 shares 20,000,000 During 2020, Shiga Naoya did not issue any additional common stock. The following also occurred during 2020. Income from continuing operations before taxes $23,650,000 Discontinued operations (loss before taxes) $ 3,225,000 Preferred dividends declared $ 1,075,000 Common dividends declared $ 2,200,000 Effective tax rate 17% Instructions...
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an unrealized holding gain on available-for-sale debt securities $18,000. Instructions ment format. (Ignore income taxes and earnings per share.) E4.16 (L05) (Comprehensive Income) C. Reither Co. reports the following information for 2020: sales revenue $700,000, cost of goods sold $500,000, operating expenses $80,000, and an unrealized hold ing loss on available-for-sale debt securities for 2020 of $60,000. It declared and paid a cash dividend of $10,000 in 2020. C. Reither Co. has January 1, 2020, balances in common stock $350,000;...
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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.)
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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 $ $
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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...
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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.
Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) SWIFTY CORPORATION Statement of Comprehensive Income Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes and earnings per share.) SWIFTY CORPORATION Income Statement SWIFTY CORPORATION Comprehensive Income...
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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...
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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...
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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...
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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,
E4.13 (LO 3) (Earnings per Share) At December 31, 2019, Shiga Naoya Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,500 shares $10,750,000 Common stock, $5 par, 4,000,000 shares 20,000,000 During 2020, Shiga Naoya did not issue any additional common stock. The following also occurred during 2020. Income from continuing operations before taxes $23,650,000 Discontinued operations (loss before taxes) $ 3,225,000 Preferred dividends declared $ 1,075,000 Common dividends declared $ 2,200,000 Effective tax rate 17% Instructions...
an unrealized holding gain on available-for-sale debt securities $18,000. Instructions ment format. (Ignore income taxes and earnings per share.) E4.16 (L05) (Comprehensive Income) C. Reither Co. reports the following information for 2020: sales revenue $700,000, cost of goods sold $500,000, operating expenses $80,000, and an unrealized hold ing loss on available-for-sale debt securities for 2020 of $60,000. It declared and paid a cash dividend of $10,000 in 2020. C. Reither Co. has January 1, 2020, balances in common stock $350,000;...
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.)
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 $ $
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...
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.
Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) SWIFTY CORPORATION Statement of Comprehensive Income Prepare a statement of comprehensive income, using the two statement format. (Ignore income taxes and earnings per share.) SWIFTY CORPORATION Income Statement SWIFTY CORPORATION Comprehensive Income...
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...
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...
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...
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,