Matilda Company reported the following amounts (in euros) in 2014: Net income, 150,000; Unrealized gain related to the revaluation of buildings, 10,000; and Unrealized loss on non-trading securities (35,000). Determine Matilda"s total comprehensive income for 2014.
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- (Comprehensive Income) C. Reither Co. reports the following information for 2017: sales revenue $700,000, cost of goods sold $500,000, operating expenses $80,000, and an unrealized holding loss on available-for-sale securities for 2017 of $60,000. It declared and paid a cash dividend of $10,000 in 2017. C. Reither Co. has January 1, 2017, balances in common stock $350,000; accumulated other comprehensive income $80,000; and retained earnings $90,000. It issued no stock during 2017. InstructionsPrepare a statement of stockholders’ equity.Condensed financial data of Pat Metheny Company for 2014 and 2013 are presented below: Pat Metheny Comparative Balance Sheet As of December 31, 2014 and 2013 2014 2013 Cash 1,800 1,100Receivables 1,750 1,300Inventory 1,600 1,900Plant assets…Give true answer this general accounting question
- Please give1. The following is a data transaction from PT Colorpop's records as the basis for making a Statement of Comprehensive Income for the period ended 31 December 2020: Rent Revenue $ 44,000 Interest Expense $ 20,000 Unrealized gain on non-trading equity securities, net of tax $ 35,000 Selling expenses $ 140,000 Income tax $ 30,600 Administrative expenses $ 185,000 Cost of goods sold $ 500,000 Net sales $ 954,000 Loss on sale of plant assets $ 10,000 Loss from Fixed Assets Revaluation, net of tax $2,000 Instructions: Create a Statement of Comprehensive Income using a two-statement approach! Calculate the value of Ending Per Share for 2020 if the number of shares outstanding is 100,000 shares.The comparative statement of financial position for Cullumber Corporation shows the following noncash current asset and liability accounts at March 31: 2018 2017 Accounts receivable $61,000 $43,000 Inventory 70,000 64,000 Accounts payable 35,000 43,000 Dividends payable 1,400 2,300 Cullumber’s income statement reported the following selected information for the year ended March 31, 2018: net income was $280,000, depreciation expense was $60,000, and a loss on the disposal of land was $18,000. Cullumber uses a perpetual inventory system. Calculate net cash provided (used) by operating activities using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) CULLUMBER CORPORATIONStatement of Cash Flows (Partial)-Indirect Method Operating activities…
- The following information was taken from the comparative financial statements of Foggy Industries, Inc., for the years ended December 31, 2021 and 2022: Net income for 2022 Sales revenue. Cost of goods sold.. . . . . Depreciation expense for 2022. . . . . . $ 160,000 2,200,000 1,700,000 150,000 Interest expense on short-term debt for 2022. 20,000 Dividends declared and paid in 2022. . . . . 60,000 Utilities expense 10,000 Dec. 31, 2022 Dec. 31, 2021 Accounts receivable (net) $ 120,000 Inventory Accounts payable $110,000 190,000 180,000 148,000 156,000 Use the direct method to compute cash flows provided by operating activities in 2022. (Hint: Prepare the Statement of Comprehensive Income in good form to identify the operating expenses.)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 StockSunland 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…
- Waterway Corporation reported the following for 2025: net sales $1,227,300, cost of goods sold $734,700, selling and administrative expenses $332,700, and an unrealized holding gain on available-for-sale debt securities $16,800. Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share) WATERWAY CORPORATION Statement of Comprehensive Income MA SWaterway Corporation reported the following for 2025: net sales $1,227,300, cost of goods sold $734,700, selling and administrative expenses $332,700, and an unreallized holding gain on available-for-sale debt securities $16,800. Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share) WATERWAY CORPORATION Statement of Comprehensive Income MA SAt year end 2015, Yung.com had notes payable of $1200, accounts payable of $3400, andlong-term debt of $3000. Corresponding entries for 2016 are $1600, $3000, and $2800.Asset values are below:Current Assets 2015 2016Cash $600 $300Marketable Securities 400 300Accounts Receivable 900 800Inventory 2000 2200Fixed AssetsNet Plant & Equipment $7000 $9000 1. Prepare the company’s balance sheets for the end of 2016 and 2015, respectively.Hint: you must calculate equity in order to balance! 2. Prepare an income statement for Yung.com for 2016. During the year 2016,Yung.com had sales of $1000, cost of goods sold of $400, depreciation of $100,and interest paid of $150. The tax rate is 34%.
