Marigold Limited reported the following for 2023: sales revenue, $902,000; cost of sales, $747,000; operating expenses, $100,200; and unrealized gain on FV-OCI investments, $60,000. The company had January 1, 2023 balances as follows: common shares, $800,000; accumulated other comprehensive income, $190,000; and retained earnings, $902,000. The company did not issue any shares during 2023. On December 15, 2023, the board of directors declared a $310,000 dividend payable on January 31, 2024. Prepare a statement of changes in equity. Ignore income tax. Beginning Balance Comprehensive Income: Net Income /(Loss) Other Comprehensive Income Dividends Ending Balance $ LA $ LA Marigold Limited Statement of Changes in Shareholders' Equity Common Shares tA $ tA $ Retained Earnings $ LA +A $ Accumulated Other Comprehensive Income
Marigold Limited reported the following for 2023: sales revenue, $902,000; cost of sales, $747,000; operating expenses, $100,200; and unrealized gain on FV-OCI investments, $60,000. The company had January 1, 2023 balances as follows: common shares, $800,000; accumulated other comprehensive income, $190,000; and retained earnings, $902,000. The company did not issue any shares during 2023. On December 15, 2023, the board of directors declared a $310,000 dividend payable on January 31, 2024. Prepare a statement of changes in equity. Ignore income tax. Beginning Balance Comprehensive Income: Net Income /(Loss) Other Comprehensive Income Dividends Ending Balance $ LA $ LA Marigold Limited Statement of Changes in Shareholders' Equity Common Shares tA $ tA $ Retained Earnings $ LA +A $ Accumulated Other Comprehensive Income
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Marigold Limited reported the following for 2023: sales revenue, $902,000; cost of sales, $747,000; operating expenses, $100,200;
and unrealized gain on FV-OCI investments, $60,000. The company had January 1, 2023 balances as follows: common shares,
$800,000; accumulated other comprehensive income, $190,000; and retained earnings, $902,000. The company did not issue any
shares during 2023. On December 15, 2023, the board of directors declared a $310,000 dividend payable on January 31, 2024.
Prepare a statement of changes in equity. Ignore income tax.
Beginning Balance
Comprehensive Income:
Net Income /(Loss)
Other Comprehensive Income
Dividends
Ending Balance
+A
$
$
LA
Marigold Limited
Statement of Changes in Shareholders' Equity
Common Shares
tA
$
tA
$
Retained Earnings
$
+A
$
Accumulated Other
Comprehensive Income
Transcribed Image Text:Pina Colada Inc.
Income Statement
$
$
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