Current Attempt in Progress Your answer is partially correct. Waterway Ltd. owns land that it purchased at a cost of ¥464,000 in 2020. The company chooses to use revaluation accounting to account for the land. The land's value fluctuates as follows (all amounts in thousands as of December 31): 2020, ¥522,000; 2021, ¥417,600; 2022, *446,600; 2023, 475,600; and 2024, 533,600. Complete the following table. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Value at December 31 2020 2021 2022 2023 2024 Other Comprehensive Income 58000 (46400) (17400) 11600 69600 Accumulated Other Comprehensive Income 58000 (46400) (17400) 11600 69600 Recognized in Net Income 58000 (46400) (17400) 11600 69600
Current Attempt in Progress Your answer is partially correct. Waterway Ltd. owns land that it purchased at a cost of ¥464,000 in 2020. The company chooses to use revaluation accounting to account for the land. The land's value fluctuates as follows (all amounts in thousands as of December 31): 2020, ¥522,000; 2021, ¥417,600; 2022, *446,600; 2023, 475,600; and 2024, 533,600. Complete the following table. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Value at December 31 2020 2021 2022 2023 2024 Other Comprehensive Income 58000 (46400) (17400) 11600 69600 Accumulated Other Comprehensive Income 58000 (46400) (17400) 11600 69600 Recognized in Net Income 58000 (46400) (17400) 11600 69600
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Current Attempt in Progress
Your answer is partially correct.
Waterway Ltd. owns land that it purchased at a cost of ¥464,000 in 2020. The company chooses to use revaluation accounting to
account for the land. The land's value fluctuates as follows (all amounts in thousands as of December 31): 2020, ¥522,000; 2021,
¥417,600; 2022, ¥446,600; 2023, ¥475,600; and 2024, ¥533,600.
Complete the following table. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).)
Value at
December 31
2020
2021
2022
2023
2024
Other Comprehensive
Income
58000
(46400)
(17400)
11600
69600
Accumulated Other
Comprehensive Income
58000
(46400)
(17400)
11600
69600
Recognized in
Net Income
58000
(46400)
(17400)
11600
69600](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0dcff2d7-b863-4f2d-8ee8-7af674739a39%2F5dba0961-f88d-40a8-adb5-b3aaeee1702e%2F5t6muoc_processed.png&w=3840&q=75)
Transcribed Image Text:View Policies
Show Attempt History
Current Attempt in Progress
Your answer is partially correct.
Waterway Ltd. owns land that it purchased at a cost of ¥464,000 in 2020. The company chooses to use revaluation accounting to
account for the land. The land's value fluctuates as follows (all amounts in thousands as of December 31): 2020, ¥522,000; 2021,
¥417,600; 2022, ¥446,600; 2023, ¥475,600; and 2024, ¥533,600.
Complete the following table. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).)
Value at
December 31
2020
2021
2022
2023
2024
Other Comprehensive
Income
58000
(46400)
(17400)
11600
69600
Accumulated Other
Comprehensive Income
58000
(46400)
(17400)
11600
69600
Recognized in
Net Income
58000
(46400)
(17400)
11600
69600
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