The following information is available for Whiteside Company for 2013: Net Income Realized gain on sale of available-for- sale securities Unrealized holding gain arising $120,000 10,000 during the period on available-for- 24,000 sale securities Reclassification adjustment for gains included in net income 8,000 a. Determine other comprehensive income for 2013 b. Compute comprehensive income for 2013

The following information is available for Whiteside Company for 2013: Net Income Realized gain on sale of available-for- sale securities Unrealized holding gain arising $120,000 10,000 during the period on available-for- 24,000 sale securities Reclassification adjustment for gains included in net income 8,000 a. Determine other comprehensive income for 2013 b. Compute comprehensive income for 2013

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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During 2021, Anthony Company purchased debt securities as a long-term investment and classified them as trading. All securities were purchased at par value. Pertinent data are as follows: The net holding gain or loss included in Anthonys income statement for the year should be: a. 0 b. 3,000 gain c. 9,000 loss d. 12,000 loss
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
The following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income Net income Other comprehensive income: Change in net unrealized gains on AFS investments, net of tax of $25, ($13), and $22 in 2021, 2020, and 2019, respectively Other Total comprehensive income Shareholders' equity: Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive income Total shareholders' equity Accumulated other comprehensive income, 2020 365 8,777 7,857 119 $17,118 Accumulated other comprehensive income, 2021 Years Ended December 31 2019 365 8,777 7,301 84 $16,527 ($ in millions) 2021 $922 38 (3) Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows: ($ in millions) 2021 2020 $957 2020 $752 (24) (1) $727 $607 Required: 4. From the information provided, determine how Kaufman calculated the $119 million accumulated other comprehensive income in 2021. (Negative…
Provided below are an analyst's forecasts of revenue, net operating profit after tax (NOPAT), and net operating assets (NOA) as of 12/31/2021 for Amgen for the period 2022 through 2025. ($ 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…
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 S
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 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 S
The following information relates to Moran Co. for the year ended December 31, 2017: net income $1,245.7 million; unrealized holding loss of $10.9 million related to available-for-sale debt securities during the year; accumulated other comprehensive income of $57.2 million on December 31, 2016. Assuming no other changes in accumulated other comprehensive income, determine (a) other comprehensive income for 2017, (b) comprehensive income for 2017, and (c) accumulated other comprehensive income at December 31, 2017.
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What is the total balance of Retained Earnings on December 31, 2019?
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For the year ended December 31, 2025, Blossom Inc. reported the following: Net income Preferred dividends declared Common dividends declared Unrealized holding loss, net of tax Retained earnings, beginning balance Common stock Accumulated other comprehensive income, beginning balance (net gains) $308000 O $715400 O $686900 O $660100 Ⓒ$654500 50300 10600 5600 413000 201300 25500 What would Blossom report as the ending balance of Retained Earnings?
For the year ended December 31, 2025, Sheridan Inc. reported the following: Net income Preferred dividends declared Common dividends declared Unrealized holding loss, net of tax Retained earnings, beginning balance Common stock Accumulated other comprehensive income, beginning balance (net gains) $496000 $1121600 $1036000 $1079800 $1046200 75400 23400 10200 649000 353800 38100 What would Sheridan report as the ending balance of Retained Earnings?