Comprehensive income
• LO18–1
Schaeffer Corporation reports $50 million accumulated other comprehensive income in its
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- 10. From the following inform ation, prepare a retained earnings statement for TAY Corporation for the year ended December 31, 20X0. Net income for the year .... Dividends declared during the year Dividends pa id during the year Retained Earnings, January 1, 20X0 $30,000 12,000 6,000 60,000 TAY Corporation Retained Earnings Statement For Year Ended December 31, 20XO Retained earnings, January 1, 20XO Add: Net income $60,000 _30,000 $90,000 12,000 $78,000 Deduct: Dividends declared ... Re tained earnings, December 31, 20XOarrow_forwardPls help me correctly with steps.arrow_forwarda. What is the amount of total shareholders' equity?b. What is the balance of retained earnings at year-end?arrow_forward
- nku.9arrow_forwardDd.i99arrow_forwardQuestion 2.5 As a shareholder would you still be satisfied with the profitability of the company?, please explain Notes Inventories as at 31 December 2020 amounted to R185000 All purchases and sales are on credit Credit terms to Debtors are 30 days Credit terms of 3/10 net 90 days are granted by creditors Dividends for the year amounted to R139 503arrow_forward
- 18 The classified balance sheet for a company reported current assets of $811,925, total liabilities of $399,770, Common Stock of $500,000, and Retained Earnings of $65,130. The current ratio was 2.5.What is the total amount of noncurrent assets? Multiple Choice $246,795 $412,155 $324,770 $152,975arrow_forwardThe following data was taken from the accounting records of Pina Colada Corporation: Total assets Total liabilities Preferred shares Common shares Retained earnings Additional data: Net income Interest expense Sales revenue 2024 O 20.1% 21.1% 19.1% 18.1% 2023 $962000 $883000 271000 250000 81300 81300 303000 303000 The return on assets for 2024 is 306700 248700 167000 35500 981000arrow_forwardPROBLEM 13.2A Reporting Investing Activities L LO13-4 An analysis of the income statement and the balance sheet accounts of Hampton, Inc., at December 31 of the current year, provides the following information. Page 611 Income statement items: Gain on Sale of Marketable Securities $ 42,000 Loss on Sales of Plant Assets 33,000 Analysis of balance sheet accounts: Marketable Securities account: Debit entries $ 75,000 Credit entries 90,000 Notes Receivable account: Debit entries 210,000 Credit entries 162,000 Plant and Equipment accounts: Debit entries to plant asset accounts 196,000 Credit entries to plant asset accounts 120,000 Debit entries to accumulated depreciation accounts 75,000arrow_forward
- Individual Income TaxesAccountingISBN:9780357109731Author:HoffmanPublisher:CENGAGE LEARNING - CONSIGNMENT