Question

On 31 December 20X2, the balances of Argon Enterprises Inc.’ s shareholders’ equity accounts were as follows ( all are credit balances):
Capital stock......................... $ 303,000
Contributed surplus...................... 6,000
Retained earnings ...................... 121,000
Currency translation differences................. 1,500
Mark- to- market adjustments on available for sale investments...... 28,600
Cash flow hedges...................... 2,100
Actuarial gains and losses .................... 1.600
............................ $ 463,800

Argon’s statement of comprehensive income for the year ending 31 December 20X3 showed the following amounts, from “net profit for the year” through to “comprehensive income”:



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  • CreatedFebruary 17, 2015
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