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.
Stockholder's equity
As on December 31,2020
| Paid in capital | |
| Common Stock | 353400 |
| Total paid in capital | 353400 |
| Retained earnings | 265580 |
| Accumulated other comprehensive income (81000-57700) | 23300 |
| Total Stockholder's equity | 642280 |
retained earnings = 93870+769800-503700-82700-11690 = 265580
Windsor Co. reports the following information for 2020: sales revenue $769,800, cost of goods sold $503,700,...
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...
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....
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...
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...
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...
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...
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...