![art3misdiangelo](/avatars/21690.jpg)
art3misdiangelo
24.10.2019 •
Business
Sheridan co. reports the following information for 2020: sales revenue $766,600, cost of goods sold $524,400, operating expenses $86,300, and an unrealized holding loss on available-for-sale debt securities for 2020 of $53,500. it declared and paid a cash dividend of $14,110 in 2020. sheridan co. has january 1, 2020, balances in common stock $355,100; accumulated other comprehensive income $82,800; and retained earnings $94,670. it issued no stock during 2020. (ignore income taxes.) prepare a statement of stockholders’ equity.
Solved
Show answers
More tips
- H Health and Medicine 10 Ways to Cleanse Your Colon and Improve Your Health...
- D Dating, Love, Relationships How to Overcome Jealousy: Tips and Tricks...
- H Health and Medicine Angina: Causes, Symptoms, and Treatment...
- C Computers and Internet How to Learn to Type Fast?...
- F Food and Cooking Delight for Gourmets: How to Prepare Liver Pate...
- S Style and Beauty How to braid friendship bracelets?...
- H Health and Medicine Mercury Thermometer Danger: What to do when a thermometer breaks?...
- F Food and Cooking Which Calamari Salad is the Most Delicious?...
- S Society and Politics 10 Tips for Boosting Your Self-Esteem...
- F Food and Cooking The Most Delicious and Simple Fish in Batter Recipe...
Answers on questions: Business
- B Business Vijay Inc. purchased a 3-acre tract of land for a building site for $320,000. The company demolished the old building at a cost of $12,000, but was able to sell scrap...
- B Biology Any one trans gender/ nonbinary want to join my z.o.o.m? heres the link https://us05web.zo om.us/j/7223554086?pwd=bEdxek8yMkVpdVRIaXRSMnFhTDhsQT09...
- M Mathematics I’m confused I need the answer rn...
- H Health Grade ii ligament injury: there is tearing within the microstructure but no obvious stretching of the ligament. true or false...
- H History IDENTIFY THE SIGNIFICANCE OF THE FOLLOWING TERMS A NATURALIZATION B DUE PROCESS C FEDERAL SYSTEM...
Ответ:
Explanation:
The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.
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
Before preparation, first, we have to compute the net income which is shown below:
Net income = Sales revenue - cost of goods sold - operating expenses
= $766,600 - $524,400 - $86,300
= $155,900
The preparation of the statement of stockholders’ equity is presented in the spreadsheet. Kindly find the attachment below:
Ответ:
Explanation:
Business environment refers to several factors as clients, suppliers, competition, owners, laws, market, even social trends are part of it.
So, they need to improve that relationship because suppliers are transcendental part of business.