![michellerosas](/avatars/30234.jpg)
michellerosas
10.10.2019 •
Business
C. reither co. reports the following information for 2020: sales revenue $700,000, cost of goods sold $500,000, operating expenses $80,000, and an unrealized holding loss on available-for-sale debt securities for 2020 of $60,000. it declared and paid a cash dividend of $10,000 in 2020. c. reither co. has january 1, 2020, balances in common stock $350,000; accumulated other comprehensive income $80,000; and retained earnings $90,000. it issued no stock during 2020. (ignore income taxes.) prepare a statement of stockholders’ equity.
Solved
Show answers
More tips
- A Auto and Moto What is the Average Lifespan of an Engine in a Car?...
- P Photography and Videography Understanding HDR: How It Works and Why You Need It...
- P Photography and Videography How to Choose the Perfect Photo Paper for Your Images?...
- C Computers and Internet How to Choose an Uninterruptible Power Supply (UPS) for Your Computer: Expert Tips...
- S Science and Technology How to choose a home theater system?...
- A Auto and Moto How to Choose a Car Wash? Tips and Recommendations...
- A Animals and plants How ants survive winter: exploring the secrets of their winter life...
- C Construction and repair How to Choose the Best Underfloor Heating?...
- S Sport When is the Champions League final?...
- S Sport When and Where Will the 2014 World Cup be Held?...
Answers on questions: Business
- B Business Barry Bird opened the Barry Bird Basketball Camp for children ages 10 through 18. Campers typically register for one week in June or July, arriving on Sunday and returning...
- B Business Lucy does not have patience for a whole day hair plaiting at the salon. Her hair is always done in hurry and ends up being shoddily done. This demonstrates aspect of the...
- B Business Both Nadia and Samantha are applying to insure their car against theft. Nadia lives in a secure neighborhood, where the probability of theft is 10%. Samantha lives in a...
- B Business On april 1st, bob the builder entered into a contract of one-month duration to build a barn for nolan. bob is guaranteed to receive a base fee of $5,000 for his services...
- B Business On august 31, 2018, harvey and margaret, who file a joint return and live in charleston, south carolina, sell their personal residence, which they have owned and lived...
- B Business On december 1, 2021, liang chemical provides services to a customer for $90,000. in payment for the services, the customer signs a three-year, 10% note. the face amount...
- B Business Obviously, the lifetime membership isn’t a good deal if you only remain a member for a couple of years, but if you remain a member for 40 years, it’s a great deal. suppose...
- B Business Noodleoo, a struggling restaurant chain, wants to enact a franchise agreement with stephen to sell its product through a chain-style franchise. stephen agrees and opens...
- B Business Network effects are: increases in the value of a product to each user, including existing users, as the total number of users rises. reductions in per unit production cost...
- B Business Nick lives in san diego and loves to eat desserts. he spends his entire weekly allowance on jello and pie. a bowl of jello is priced at $1.25, and a piece of apple pie...
Ответ:
Explanation:
The statement of stockholder's equity comprises common stock and retained earnings.
Before preparing the statement of stockholder's equity , first, we have to find out the net income which is shown below:
= Sales revenue - cost of goods sold - operating expenses
= $700,000 - $500,000 - $80,000
= $120,000
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
And, the ending balance of the common stock = Beginning balance of common stock + issued shares
The ending balance after adjustment shown in the attached spreadsheet.
Ответ: