Bright Future Consulting ended 2023 with assets of $892,500 and liabilities of $347,800. At the end of 2024, assets were $1,125,600 and liabilities were $298,400. Assuming no additional capital stock was issued or dividends paid, what was the net income (or loss) for 2024?
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- Skysong Co. reports the following information for 2025: sales revenue $776,200, cost of goods sold $517,000, operating expenses $90,200, and an unrealized holding loss on available-for-sale debt securities for 2025 of $60,700. It declared and paid a cash dividend of $12,430 in 2025. Skysong Co. has January 1, 2025, balances in common stock $369,200; accumulated other comprehensive income $88,300; and retained earnings $98,980. It issued no stock during 2025. Prepare a statement of stockholders' equity. (Ignore income taxes.) > > Total SKYSONG CO. Statement of Stockholders' Equity LA Retained Earnings Accumulated Other Comprehensive IncomeC. Reither Co. reports the following information for 2025: sales revenue $700,000 cost of goodssold $500,000, operating expenses $80,000, and an unreliazed holding loss on available-for-sale debt securities of 2025 of $60,000. It declared and paid a cash dividend of $10,000 in 2025. C. Reither Co. has Janaury 1, 2025, balances in common stock $350,000; accumulated other comprehensive income $80,000; and retained earnings $90,000. It issued no stock during 2025. Prepare a statement of stockholders' equity. (Ignore income taxes).C. Reither Co. reports the following information for 2025: sales revenue $700,000 cost of goodssold $500,000, operating expenses $80,000, and an unreliazed holding loss on available-for-sale debt securities of 2025 of $60,000. It declared and paid a cash dividend of $10,000 in 2025. C. Reither Co. has Janaury 1, 2025, balances in common stock $350,000; accumulated other comprehensive income $80,000; and retained earnings $90,000. It issued no stock during 2025. Prepare a statement of stockholders' equity. (Ignore income taxes).
- Tamarisk Co. reports the following information for 2020: sales revenue $769,400, cost of goods sold $502,400, operating expenses $88,400, and an unrealized holding loss on available-for-sale debt securities for 2020 of $57,800. It declared and paid a cash dividend of $14,160 in 2020. Tamarisk Co. has January 1, 2020, balances in common stock $365,300; accumulated other comprehensive income $90,400; and retained earnings $91,010. It issued no stock during 2020. (Ignore income taxes.) Prepare a statement of stockholders' equity. TAMARISK CO. Statement of Stockholders' Equity For the Year Ended December 31, 2020 Accumulated Other Total Retained Earnings Comprehensive Income Common StockRoyalbird Co. reports the following information for 2020: sales revenue $762,900, cost of goods sold $518,900, operating expenses $83,600, and an unrealized holding loss on available-for-sale debt securities for 2020 of $53,600. It declared and paid a cash dividend of $13,990 in 2020.Royalbird Co. has January 1, 2020, balances in common stock $366,000; accumulated other comprehensive income $83,700; and retained earnings $92,370. It issued no stock during 2020. (Ignore income taxes.)Prepare a statement of stockholders’ equity.The year-end balance sheet of Brandex listed common stock and other paid capital at $2,400,000 and retained earnings at $4,700,00. The next year, retained earnings were listed at $5,000,000. The firms net income in 2019 was $1,030,000. There were no stock repurchases during the year. What were the dividends paid by the firm in 2019?
- At the end of the year 2020, the common equity was 490,000, and the dividends paid in the year 2021 was $11,000. What is the free cash flow to equity for the year 2021? Assets Cash and Cash Equivalents Short-term Investments Inventory Accounts Receivables Total Current Assets Fixed Assets Total Assets 128,000 -106,000 106,000 -128,000 2021 63,000 3,000 21,000 20,000 107,000 650,000 757,000 Liabilities. Current Liabilities Long-term Liabilities Total Liabilities Total Common Equity 2021 40,000 120,000 150,000 607,000On December 31, 2020, the balance sheet of Legend Corporation shows a total equity of P1,260,000. During 2020, the shareholders' equity was affected by: Adjustment to retained earnings for the overstatement of 2019 net income: P17,500 Cash dividend declared and paid in 2020: 10% Net income of 2020: P65,000 The share capital of P1,000,000 remained unchanged during the year. What is the balance of retained earnings on January 1, 2020? a. P295,000 b. P360,000 c. P260,000 d. P312,500Swifty Co. reports the following information for 2020: sales revenue $768,300, cost of goods sold $516,000, operating expenses $85,000, and an unrealized holding loss on available-for-sale debt securities for 2020 of $60,700. It declared and paid a cash dividend of $12,070 in 2020.Swifty Co. has January 1, 2020, balances in common stock $358,200; accumulated other comprehensive income $88,500; and retained earnings $91,950. It issued no stock during 2020. (Ignore income taxes.)Prepare a statement of stockholders’ equity.
- How is this wrong?Sunland Co. reports the following information for 2020: sales revenue $753,100, cost of goods sold $520,900, operating expenses $84,600, and an unrealized holding loss on available-for-sale debt securities for 2020 of $51,000. It declared and paid a cash dividend of $11,210 in 2020.Sunland Co. has January 1, 2020, balances in common stock $359,700; accumulated other comprehensive income $90,900; and retained earnings $97,460. It issued no stock during 2020. (Ignore income taxes.)Prepare a statement of stockholders’ equity. SUNLAND CO.Statement of Stockholders’ Equitychoose the accounting period December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020 Total Retained Earnings Accumulated OtherComprehensive Income Common Stock select an item Ending BalanceDividendsBeginning BalanceOther Comprehensive…Below is Company A's balance sheet at the end of 2022. What is the Earnings before taxes (EBT) of Company A? Net sales Variable operating costs Fixed operating costs Depreciation and amortization Interest Taxes Preferred dividends Common dividends 2022 Amount $1,000.0 770.0 50.0 50.0 30.0 20.0 5.0 25.0
