Question: Your answer is partially correct. Try again. Tamarisk Co. reports the following information for 2020: sales revenue $769,400, cost of goods sold $502,400, operating expenses
| Your answer is partially correct. Try again. | |
Tamarisk Co. reports the following information for 2020: sales revenue $769,400, cost of goods sold $502,400, operating expenses $88,400, and an unrealized holding loss on available-for-sale debt securities for 2020 of $57,800. It declared and paid a cash dividend of $14,160 in 2020. Tamarisk Co. has January 1, 2020, balances in common stock $365,300; accumulated other comprehensive income $90,400; and retained earnings $91,010. It issued no stock during 2020. (Ignore income taxes.) Prepare a statement of stockholders equity.
| TAMARISK CO. Statement of Stockholders Equity choose the accounting period December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Total | Retained Earnings | Accumulated Other Comprehensive Income | Common Stock | |||||
| select an item Unrealized Holding LossDividendsNet IncomeOther Comprehensive IncomeEnding BalanceBeginning Balance | $enter a total amount for this row | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | ||||
| select an item Beginning BalanceNet IncomeDividendsEnding BalanceUnrealized Holding LossOther Comprehensive Income | enter a total amount for this row | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||
| select an opening section name Beginning BalanceOther Comprehensive IncomeDividendsUnrealized Holding LossEnding BalanceNet Income | ||||||||
| select an item Beginning BalanceOther Comprehensive IncomeNet IncomeDividendsUnrealized Holding LossEnding Balance | enter a total amount for this row | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||
| select an item Unrealized Holding LossBeginning BalanceEnding BalanceNet IncomeOther Comprehensive IncomeDividends | enter a total amount for this row | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||
| select a closing name for this statement Ending BalanceOther Comprehensive IncomeUnrealized Holding LossBeginning BalanceDividendsNet Income | $enter a total amount for this column | $enter a total amount for this column | $enter a total amount for this column | $enter a total amount for this column | ||||
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
