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. ● Cost of Goods Sold Selling Expenses . Administrative Expenses Dividend Revenue Interest Expense Unrealized Gain on Trading Securities Unrealized Gain on Available-for-sale Securities Interest Revenue Gain on Sale of Intangible Assets Income Tax Expense Deferred Income Tax Expense Additional information: ● At year-end, the fair value of trading securities is $153,000. At year-end, the fair value of available-for-sale securities is $278,000. At year-end, the fair value of held-to-maturity securities is $296,000. At year-end, the net realizable value of Inventory is $1,600,000. Total 4,800,000 2,000,000 950,000 218,000 124,000 8,000 12,000 87,000 63,000 82,000 3,000 $ 12,483,000 $12,483,000 The company's notes payable is due in 8 years. The company's bonds are due in 5 years. The company issued $40,000 of common stock during the year. The stock had a par value of $20,000. The company did not purchase or re-issue any of its 2,700 shares of treasury stock during the year. The January 1 beginning balances of Scott Butler's paid-in capital accounts are as follows: common stoc $980,000; paid-in capital in excess of par value, $60,000. Of the company's $5 par value common stock, there are 1,000,000 shares authorized, 200,000 share issued, and 159,000 shares outstanding as of the balance sheet date.

. ● Cost of Goods Sold Selling Expenses . Administrative Expenses Dividend Revenue Interest Expense Unrealized Gain on Trading Securities Unrealized Gain on Available-for-sale Securities Interest Revenue Gain on Sale of Intangible Assets Income Tax Expense Deferred Income Tax Expense Additional information: ● At year-end, the fair value of trading securities is $153,000. At year-end, the fair value of available-for-sale securities is $278,000. At year-end, the fair value of held-to-maturity securities is $296,000. At year-end, the net realizable value of Inventory is $1,600,000. Total 4,800,000 2,000,000 950,000 218,000 124,000 8,000 12,000 87,000 63,000 82,000 3,000 $ 12,483,000 $12,483,000 The company's notes payable is due in 8 years. The company's bonds are due in 5 years. The company issued $40,000 of common stock during the year. The stock had a par value of $20,000. The company did not purchase or re-issue any of its 2,700 shares of treasury stock during the year. The January 1 beginning balances of Scott Butler's paid-in capital accounts are as follows: common stoc $980,000; paid-in capital in excess of par value, $60,000. Of the company's $5 par value common stock, there are 1,000,000 shares authorized, 200,000 share issued, and 159,000 shares outstanding as of the balance sheet date.

Financial Reporting, Financial Statement Analysis and Valuation
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter2: Asset And Liability Valuation And Income Recognition
Section: Chapter Questions
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. Additional information: At year-end, the fair value of trading securities is $153,000. At year-end, the fair value of available-for-sale securities is $278,000. ● . . . Sales Cost of Goods Sold Selling Expenses ● Administrative Expenses Dividend Revenue Interest Expense Unrealized Gain on Trading Securities Unrealized Gain on Available-for-sale Securities Interest Revenue Gain on Sale of Intangible Assets Income Tax Expense Deferred Income Tax Expense Total At year-end, the fair value of held-to-maturity securities is $296,000. At year-end, the net realizable value of inventory is $1,600,000. The company's notes payable is due in 8 years. The company's bonds are due in 5 years. 4,800,000 2,000,000 950,000 218,000 8,100,000 124,000 a. Statement of comprehensive income Instructions: Prepare a statement of comprehensive income. Round EPS to 2 decimal places. 8,000 12,000 87,000 63,000 82,000 3,000 $12,483,000 $12,483,000 The company issued $40,000 of common stock during the year. The stock had a par value of $20,000. The company did not purchase or re-issue any of its 2,700 shares of treasury stock during the year. The January 1 beginning balances of Scott Butler's paid-in capital accounts are as follows: common stock: $980,000; paid-in capital in excess of par value, $60,000. Of the company's $5 par value common stock, there are 1,000,000 shares authorized, 200,000 shares issued, and 159,000 shares outstanding as of the balance sheet date.
Transcribed Image Text:. Additional information: At year-end, the fair value of trading securities is $153,000. At year-end, the fair value of available-for-sale securities is $278,000. ● . . . Sales Cost of Goods Sold Selling Expenses ● Administrative Expenses Dividend Revenue Interest Expense Unrealized Gain on Trading Securities Unrealized Gain on Available-for-sale Securities Interest Revenue Gain on Sale of Intangible Assets Income Tax Expense Deferred Income Tax Expense Total At year-end, the fair value of held-to-maturity securities is $296,000. At year-end, the net realizable value of inventory is $1,600,000. The company's notes payable is due in 8 years. The company's bonds are due in 5 years. 4,800,000 2,000,000 950,000 218,000 8,100,000 124,000 a. Statement of comprehensive income Instructions: Prepare a statement of comprehensive income. Round EPS to 2 decimal places. 8,000 12,000 87,000 63,000 82,000 3,000 $12,483,000 $12,483,000 The company issued $40,000 of common stock during the year. The stock had a par value of $20,000. The company did not purchase or re-issue any of its 2,700 shares of treasury stock during the year. The January 1 beginning balances of Scott Butler's paid-in capital accounts are as follows: common stock: $980,000; paid-in capital in excess of par value, $60,000. Of the company's $5 par value common stock, there are 1,000,000 shares authorized, 200,000 shares issued, and 159,000 shares outstanding as of the balance sheet date.
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