Ask Question
21 February, 15:15

C. Reither Co. reports the following information for 2017: sales revenue $700,000, cost of goods sold $500,000, operating expenses $80,000, and an unrealized holding loss on available-for-sale securities for 2017 of $60,000. It declared and paid a cash dividend of $10,000 in 2017. C. Reither Co. has January 1, 2017, balances in common stock $350,000; accumulated other comprehensive income $80,000; and retained earnings $90,000. It issued no stock during 2017 Prepare a statement of stockholders' equity.

+1
Answers (1)
  1. 21 February, 18:22
    0
    Statement of SE

    for the year ending 2017

    Beg bal.

    Retained earnings 90,000

    Accumulated other comprehensive income 80,000

    Common stock 350,000

    Beg bal. Total 520,000

    Add: Net Income 120,000[700,000-500,000-80,000]

    Less:

    Dividends (10,000)

    Other Comprehenive loss (60,000)

    Ending bal. 570,000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “C. Reither Co. reports the following information for 2017: sales revenue $700,000, cost of goods sold $500,000, operating expenses $80,000, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers