A Question Completion Status:123589101112131415Close WindowA Moving to another question will save this response.Question 2 of 15Save AnswerQuestion 2XYZ reports the following information for 2022: sales revenue $1,000,000; cost of goods sold $500,000; operating expenses $290,000; gain on sale of land $50,000; an unrealized gaunin the value of the office building of $160,000; an unrealized loss on available-for-sale securities of $40,000; and an unrealized gain in the value of the company's reputation ofS100,000. It declared cash dividend of $150,000 (of which $37,500 will be paid 1/15/23) in 2022. The company issued 15,000 shares on 8/1/22 for equipment valued at $70,000and10,000 shares on 4/1/22 for $50,000. Tax rate for 2022 is 20%.As of 12/31/21, XYZ has common stock PV $3, issued 100,000 shares at an average issue price of $4.50; accumulated other comprehensive income S120,000; and retained earmingsS600,000.Prepare the Stockholders' equity section of the classified balance sheet for 12/31/22.T -E -3 (12pt)TTT.Arial Remaining Time: 2 hours, 59 minutes, 19 seconds.AQuestion Completion Status:1234581011TV. TIhe CoiporaION deciareu 5T00 Of COMIION UIViueIUS (OI WIICI S2J WIII ve paru JaIIuary 1), 20ZZ).12131415Required:Based on the all of the information provided, answer the following questions as they would appear in a single, continuous multinle-step statement of comprehensIve income for 2021 anda statement of retained earnings as of 12/31/21.. Round all numbers except earnings per share to whole numbers.Select and copy sections 1-15 below to answer in the space provided1. Net Sales2. Gross profit3. Total operating expenses4. Operating income5. Total other revenue/(expense)6. Income before Tax7. Income tax expense8. Income from continuing operations (IFCO)9. Discontinued operations10. Net income11. Other comprehensive income12. Comprehensive income13. Weighted Average Common Sharesper share (IFCO only)15.3 (12pt)v T-E-Arialттт

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Answered: As of S600,000. Prepare the…

Business

Accounting

As of S600,000. Prepare the Stockholders' equity section of the classified balamce sheet for 12/31/22. 112pt)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Required information [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $50 par value Common stock, $5 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock Total stockholders' equity $0 13,000 28,600 Number of shares 41,600 46,000 (2,300) $85,300 Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. 5. If the treasury stock was purchased at $16 per share, how many shares were purchased? (Enter your answer in total number of shares, not in thousands.)
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Nn.159. Subject:- accounting
Thoughtful Comfort Specialists, Inc. reported the following stockholders' equity on its balance sheet at June 30, 2024: (Click the icon to view the partial balance sheet.) Read the requirements. Requirement 1. Identify the different classes of stock that Thoughtful Comfort Specialists has outstanding. Thoughtful has outstanding. common stock preferred stock preferred stock and common stock preferred stock and treasury stock Requirements 2. 1. Identify the different classes of stock that Thoughtful Comfort Specialists has outstanding. What is the par value per share of Thoughtful Comfort Specialists' preferred stock? 3. () Make two summary journal entries to record issuance of all the Thoughtful Comfort Specialists' stock for cash. Explanations are not required. 4. No preferred dividends are in arrears. Journalize the declaration of a $800,000 dividend at June 30, 2024, and the payment of the dividend on July 20, 2024. Use separate Dividends Payable accounts for preferred and common…