C. Reither Co. reports the following information for 2014: sales revenue $759,30

Question

C. Reither Co. reports the following information for 2014: sales revenue $759,300; cost of goods sold $512,100; operating expenses $87,200; and an unrealized holding loss on available-for-sale securities for 2014 of $53,400. It declared and paid a cash dividend of $12,900 in 2014. C. Reither Co. has January 1, 2014, balances in common stock $355,000; accumulated other comprehensive income $87,300; and retained earnings $92,800. It issued no stock during 2014. Prepare a statement of stockholders' equity.

Explanation / Answer

C. Reither Co.

Statement of Stockholders' Equity

For the year ended December 31,2014

Total Retained earnings Accumulated OCI Common stock $ $ $ $ January 1, 2014 535,100 92,800 87,300 355,000 Increases/ ( Decreases) during 2014 93,700 147,100 (53,400) - December 31, 2014 628,800 239,900 33,900 355,000

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