Sunland 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.)
Sunland 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.)
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
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 18E: Monona Company reported net income of 29,975 for 2019. During all of 2019, Monona had 1,000 shares...
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Sunland 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 $97,460. It issued no stock during 2020. (Ignore income taxes.)
Prepare a statement of
SUNLAND CO.
Statement of Stockholders’ Equity choose the accounting period December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020 |
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Total
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Retained Earnings
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Accumulated Other
Comprehensive Income |
Common Stock
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select an item Ending BalanceDividendsBeginning BalanceOther Comprehensive IncomeUnrealized Holding LossNet Income
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$enter a total amount for this row
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$enter a dollar amount
|
$enter a dollar amount
|
$enter a dollar amount
|
||||
select an item Other Comprehensive IncomeBeginning BalanceUnrealized Holding LossEnding BalanceDividendsNet Income
|
enter a total amount for this row
|
enter a dollar amount
|
enter a dollar amount
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enter a dollar amount
|
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select an opening section name Other Comprehensive IncomeEnding BalanceNet IncomeBeginning BalanceUnrealized Holding LossDividends
|
||||||||
select an item DividendsNet IncomeOther Comprehensive IncomeBeginning BalanceUnrealized Holding LossEnding Balance
|
enter a total amount for this row
|
enter a dollar amount
|
enter a dollar amount
|
enter a dollar amount
|
||||
select an item DividendsEnding BalanceBeginning BalanceUnrealized Holding LossNet IncomeOther Comprehensive Income
|
enter a total amount for this row
|
enter a dollar amount
|
enter a dollar amount
|
enter a dollar amount
|
||||
select a closing name for this statement Other Comprehensive IncomeBeginning BalanceDividendsUnrealized Holding LossEnding BalanceNet Income
|
$enter a total amount for this column
|
$enter a total amount for this column
|
$enter a total amount for this column
|
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