The following information is available for Kingston Corporation for 2023: Item Net Income Realized gain on sale of available-for-sale securities Amount ($) $150,000 $12,000 Unrealized holding gain arising during the period on available-for- $30,000 sale securities Reclassification adjustment for gains included in net income Required: a. Determine other comprehensive income for 2023. b. Compute comprehensive income for 2023. $10,000

The following information is available for Kingston Corporation for 2023: Item Net Income Realized gain on sale of available-for-sale securities Amount ($) $150,000 $12,000 Unrealized holding gain arising during the period on available-for- $30,000 sale securities Reclassification adjustment for gains included in net income Required: a. Determine other comprehensive income for 2023. b. Compute comprehensive income for 2023. $10,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 2MC: During 2021, Anthony Company purchased debt securities as a long-term investment and classified them...

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Sunland Company reported the following information for 2025: Sales revenue Cost of goods sold Operating expenses Unrealized holding gain on available-for-sale debt securities Cash dividends received on the securities O $490300. O $404600. $480700. $2420000 O $85700. 1754000 271000 85700 For 2025, Sunland would report comprehensive income (ignoring tax effects) of 9600
Cullumber Corporation reported the following information for 2021: Sales revenue Cost of goods sold Operating expenses Unrealized holding gain on available-for-sale securities Cash dividends received on the securities $1034000 For 2021, Cullumber would report comprehensive income of $241956. $237820. $200596. O $41360. 723800 113740 41360 4136
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Determine the following for Tram-Ropes Limited: A. Total Market value of the firm’s capital structure B. After-tax Cost of Debt C. Cost of Common Stock D. Cost of Preferred Stock E. WACC
On January 1, 2025, Sandhill Inc. had the following balance sheet. Sandhill Inc. Balance Sheet As of January 1, 2025 Assets Equity Cash $54,200 Common stock $260,800 Debt investments (available-for-sale) Total 220,700 Accumulated other comprehensive income 14,100 $274,900 Total $274,900 The accumulated other comprehensive income related to unrealized holding gains on available-for-sale debt securities. The fair value of Sandhill Inc.'s available-for-sale debt securities at December 31, 2025, was $185,300; its cost was $127,000. No securities were purchased during the year. Sandhill Inc's income statement for 2025 was as follows. (Ignore income taxes.) Sandhill Inc. Income Statement As of January 1, 2025 Dividend revenue $5,300 Gain on sale of investments 27,300 Net income $32,600 Prepare the journal entry to record the sale of the available-for-sale debt securities in 2025. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is…
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Sandhill Co. reported the following information for 2020: Sales revenue $2520000 Cost of goods sold 1748000 Operating expenses 282000 Unrealized holding gain on available-for-sale securities 85700 Cash dividends received on the securities 9200 For 2020, Sandhill would report comprehensive income of A.$85700. B.$499200. C.$575700. D.$584900.
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The following information relates to Crane Company for 2022: Realized gain on sale of available-for-sale securities Unrealized holding gains arising during the period on available-for-sale securities 109500 Reclassification adjustment for gains included in net income 30200 $46800 The amounts to add to or subtract from Crane's 2022 net income to determine comprehensive income are O $126100. O $156300. O $186500. O $79300.
Provided below are an analyst's forecasts of revenue, net operating profit after tax (NOPAT), and net operating assets (NOA) as of 12/31/2021 for Amgen for the period 2022 through 2025. ($ millions) Reported 2021 Revenue: NOPAT: NOA: The following additional information is provided (dollar and share amounts in millions). • Common shares outstanding: 558.300 • Net nonoperating obligations (NNO): $26,355.0 • Noncontrolling interest (NCI): $0.0 • Preferred stock: $0.0 • WACC: 6.5% • Revenue growth in 2022-2025: 4.0% • Terminal period growth: 2.0% Use the information above to calculate the terminal period values of revenue, NOPAT, NOA, and ROPI. Do not round intermediate calculations. All values other than per-share amounts are shown in millions. $ millions Forecast Horizon Period 2025 2022 2023 2024 $25.979.0 $27,018.2 $28.098.9 $29.222.8 $30,391.8 $6.624.6 $6,889.6 $7,165.2 $7.451.8 $7,749.9 $33,055.0 $34.377.2 $35,752.3 $37,182.4 $38,669.7 Revenue: NOPAT: NOA: ROPI: Terminal Period…