. ● Cost of Goods Sold Selling Expenses . Administrative Expenses Dividend Revenue Interest Expense Unrealized Gain on Trading Securities Unrealized Gain on Available-for-sale Securities Interest Revenue Gain on Sale of Intangible Assets Income Tax Expense Deferred Income Tax Expense Additional information: ● At year-end, the fair value of trading securities is $153,000. At year-end, the fair value of available-for-sale securities is $278,000. At year-end, the fair value of held-to-maturity securities is $296,000. At year-end, the net realizable value of Inventory is $1,600,000. Total 4,800,000 2,000,000 950,000 218,000 124,000 8,000 12,000 87,000 63,000 82,000 3,000 $ 12,483,000 $12,483,000 The company's notes payable is due in 8 years. The company's bonds are due in 5 years. The company issued $40,000 of common stock during the year. The stock had a par value of $20,000. The company did not purchase or re-issue any of its 2,700 shares of treasury stock during the year. The January 1 beginning balances of Scott Butler's paid-in capital accounts are as follows: common stoc $980,000; paid-in capital in excess of par value, $60,000. Of the company's $5 par value common stock, there are 1,000,000 shares authorized, 200,000 share issued, and 159,000 shares outstanding as of the balance sheet date.
. ● Cost of Goods Sold Selling Expenses . Administrative Expenses Dividend Revenue Interest Expense Unrealized Gain on Trading Securities Unrealized Gain on Available-for-sale Securities Interest Revenue Gain on Sale of Intangible Assets Income Tax Expense Deferred Income Tax Expense Additional information: ● At year-end, the fair value of trading securities is $153,000. At year-end, the fair value of available-for-sale securities is $278,000. At year-end, the fair value of held-to-maturity securities is $296,000. At year-end, the net realizable value of Inventory is $1,600,000. Total 4,800,000 2,000,000 950,000 218,000 124,000 8,000 12,000 87,000 63,000 82,000 3,000 $ 12,483,000 $12,483,000 The company's notes payable is due in 8 years. The company's bonds are due in 5 years. The company issued $40,000 of common stock during the year. The stock had a par value of $20,000. The company did not purchase or re-issue any of its 2,700 shares of treasury stock during the year. The January 1 beginning balances of Scott Butler's paid-in capital accounts are as follows: common stoc $980,000; paid-in capital in excess of par value, $60,000. Of the company's $5 par value common stock, there are 1,000,000 shares authorized, 200,000 share issued, and 159,000 shares outstanding as of the balance sheet date.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:.
Additional information:
At year-end, the fair value of trading securities is $153,000.
At year-end, the fair value of available-for-sale securities is $278,000.
●
.
.
.
Sales
Cost of Goods Sold
Selling Expenses
●
Administrative Expenses
Dividend Revenue
Interest Expense
Unrealized Gain on Trading Securities
Unrealized Gain on Available-for-sale Securities
Interest Revenue
Gain on Sale of Intangible Assets
Income Tax Expense
Deferred Income Tax Expense
Total
At year-end, the fair value of held-to-maturity securities is $296,000.
At year-end, the net realizable value of inventory is $1,600,000.
The company's notes payable is due in 8 years.
The company's bonds are due in 5 years.
4,800,000
2,000,000
950,000
218,000
8,100,000
124,000
a. Statement of comprehensive income
Instructions: Prepare a statement of comprehensive income. Round EPS to 2 decimal places.
8,000
12,000
87,000
63,000
82,000
3,000
$12,483,000 $12,483,000
The company issued $40,000 of common stock during the year. The stock had a par value of $20,000.
The company did not purchase or re-issue any of its 2,700 shares of treasury stock during the year.
The January 1 beginning balances of Scott Butler's paid-in capital accounts are as follows: common stock:
$980,000; paid-in capital in excess of par value, $60,000.
Of the company's $5 par value common stock, there are 1,000,000 shares authorized, 200,000 shares
issued, and 159,000 shares outstanding as of the balance sheet date.
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