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Balance $59 million
The $80 million represents the cumulative sum of the changes in each component in the reporting period throughout all prior years. Since the amount increased by $21 million, the balance should be $35 million last year.
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Check my Brief Exercise 18-1 (Algo) Comprehensive income [LO18-2] ook int Schaeffer Corporation reports 580 million...
Exercise 18-1 Comprehensive income [LO18-2] The following is from the 2018 annual report of Kaufman Chemicals,...
Exercise 18-1 Comprehensive income [LO18-2] The following is from the 2018 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income Years Ended December 31 2018 2017 2016 Net income $ 999 $ 829 $ 684 Other comprehensive income: Change in net unrealized gains on investments, net of tax of $32, ($20), and $22 in 2018, 2017, and 2016, respectively 45 (28 ) 30 Other (3 ) (1 ) 1 Total comprehensive income $ 1,041 $ 800 $ 715 Kaufman...
The following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income...
The following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income Years Ended December 31 2021 2020 2019 $955 $785 $640 Net income Other comprehensive income: Change in net unrealized gains on AFS investments, net of tax of $28, (516), and $25 in 2021, 2020, and 2019, respectively Other Total comprehensive income $991 $757 5673 Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows: (5 in...
Brief Exercise 18-7 (Algo) Treasury stock [LO18-5] ok The Jennings Group reacquired 3 million of its...
Brief Exercise 18-7 (Algo) Treasury stock [LO18-5] ok The Jennings Group reacquired 3 million of its shares at $58 per share as treasury stock. Last year, for the first time, Jennings sold 2 million treasury shares at $59 per share If Jennings now sells the remaining 1 million treasury shares at $55 per share, by what amount will retained earnings decline? (Enter your answer in millions (i... 10,000,000 should be entered as 10).) int Retained earnings will decline by million
The following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of comprehensive Income...
The following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of comprehensive Income Years Ended December 31 2021 2020 2019 $867 $697 $552 Net income Other comprehensive income: Change in net unrealized gains on AFS investments, net of tax of $19, ($17), and $17 in 2e21, 2020, and 2019, respectively Other Total comprehensive income 32 (25) 24 (1) $898 $671 5572 Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity...
Brief Exercise 18-2 (Algo) Stock issued [LO18-4] Penne Pharmaceuticals sold 18 million shares of its $1...
Brief Exercise 18-2 (Algo) Stock issued [LO18-4] Penne Pharmaceuticals sold 18 million shares of its $1 par common stock to provide funds for research and development If the issue price is $15 per share, what is the journal entry to record the sale of the shares? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) ded No General Journal...
The following is from the 2018 annual report of Kaufman Chemicals, Inc. Statements of Comprehensive Income...
The following is from the 2018 annual report of Kaufman Chemicals, Inc. Statements of Comprehensive Income Years Ended December 31 Net income Other comprehensive income Change in net unrealized gains on investments, net of tax of 2018 $845 $675 $53 2017 2816 17, ($15), and $15 in 2018, 2817, and 2816, respectively other 28 (22) 25 Total comprehensive income $871 $651 $556 Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows:...
The following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income...
The following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income 2021 Years Ended December 31 2020 2019 966 $ 796 $ $651 Net income Other comprehensive income: Change in net unrealized gains on AFS investments, net of tax of $29, ($17), and $19 in 2021, 2020, and 2019, respectively Other Total comprehensive income 40 (24) (2) (3) $1.003 Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity...
The following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of comprehensive Income...
The following is from the 2021 annual report of Kaufman
Chemicals, Inc.:
Statements of comprehensive Income Years Ended December 31 2021 2020 2019 $878 $708 $ 563 Net income Other comprehensive income: Change in net unrealized gains on AFS investments, net of tax of $20, ($18), and $18 in 2021, 2020, and 2019, respectively Other Total comprehensive income 33 (26) 25 (1) (2) $909 $681 $589 : Kaufman reports accumulated other comprehensive income in its balance sheet as a component...
The following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income...
The following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income Years Ended December 31 2021 2020 2019 Net income $ 790 $ 620 $ 475 Other comprehensive income: Change in net unrealized gains on AFS investments, net of tax of $12, ($10), and $10 in 2021, 2020, and 2019, respectively 24 (17 ) 18 Other (1 ) (1 ) 2 Total comprehensive income $ 813 $ 602 $ 495 Kaufman reports accumulated other comprehensive...
Brief Exercise 18-5 (Algo) Retirement of shares (L018-5) Horton Industries shareholders' equity included 120 million shares...
Brief Exercise 18-5 (Algo) Retirement of shares (L018-5) Horton Industries shareholders' equity included 120 million shares of S1 par common stock and a balance in paid-in capital - excess of par of $1,080 million Assuming that Horton retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will Horton's total paid in capital decline if it reacquires 1 million shares at $7.00 per share? (Enter your answer in millions (ie., 10,000,000 should be...
The following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income Years Ended December 31 2021 2020 2019 $955 $785 $640 Net income Other comprehensive income: Change in net unrealized gains on AFS investments, net of tax of $28, (516), and $25 in 2021, 2020, and 2019, respectively Other Total comprehensive income $991 $757 5673 Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows: (5 in...
Brief Exercise 18-7 (Algo) Treasury stock [LO18-5] ok The Jennings Group reacquired 3 million of its shares at $58 per share as treasury stock. Last year, for the first time, Jennings sold 2 million treasury shares at $59 per share If Jennings now sells the remaining 1 million treasury shares at $55 per share, by what amount will retained earnings decline? (Enter your answer in millions (i... 10,000,000 should be entered as 10).) int Retained earnings will decline by million
The following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of comprehensive Income Years Ended December 31 2021 2020 2019 $867 $697 $552 Net income Other comprehensive income: Change in net unrealized gains on AFS investments, net of tax of $19, ($17), and $17 in 2e21, 2020, and 2019, respectively Other Total comprehensive income 32 (25) 24 (1) $898 $671 5572 Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity...
Brief Exercise 18-2 (Algo) Stock issued [LO18-4] Penne Pharmaceuticals sold 18 million shares of its $1 par common stock to provide funds for research and development If the issue price is $15 per share, what is the journal entry to record the sale of the shares? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) ded No General Journal...
The following is from the 2018 annual report of Kaufman Chemicals, Inc. Statements of Comprehensive Income Years Ended December 31 Net income Other comprehensive income Change in net unrealized gains on investments, net of tax of 2018 $845 $675 $53 2017 2816 17, ($15), and $15 in 2018, 2817, and 2816, respectively other 28 (22) 25 Total comprehensive income $871 $651 $556 Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows:...
The following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income 2021 Years Ended December 31 2020 2019 966 $ 796 $ $651 Net income Other comprehensive income: Change in net unrealized gains on AFS investments, net of tax of $29, ($17), and $19 in 2021, 2020, and 2019, respectively Other Total comprehensive income 40 (24) (2) (3) $1.003 Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity...
The following is from the 2021 annual report of Kaufman
Chemicals, Inc.:
Statements of comprehensive Income Years Ended December 31 2021 2020 2019 $878 $708 $ 563 Net income Other comprehensive income: Change in net unrealized gains on AFS investments, net of tax of $20, ($18), and $18 in 2021, 2020, and 2019, respectively Other Total comprehensive income 33 (26) 25 (1) (2) $909 $681 $589 : Kaufman reports accumulated other comprehensive income in its balance sheet as a component...
Brief Exercise 18-5 (Algo) Retirement of shares (L018-5) Horton Industries shareholders' equity included 120 million shares of S1 par common stock and a balance in paid-in capital - excess of par of $1,080 million Assuming that Horton retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will Horton's total paid in capital decline if it reacquires 1 million shares at $7.00 per share? (Enter your answer in millions (ie., 10,000,000 should be...
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