15. For the year ended December 31, 2014, Reformers Inc. reported the following:

Question

15. For the year ended December 31, 2014, Reformers Inc. reported the following: Net income Preferred dividends declared (all unpaid) Common dividends declared (all unpaid) Unrealized holding loss, net of tax Bonds Payable Retained earnings, beginning balance Common stock Preferred stock Accumulated Other Comprehensive Income, $180,000 30,000 6,000 3,000 150,000 240,000 120,000 100,000 Beginning Balance , 15.00 What would Reformers report as total stockholders' equity? a. $766,000 b.$652,000 c $616,000 d. $604,000 e. $546,000 Which of the following is not a required supplemental disclosure for the balance sheet? a. Contingencies. b. Financial forecasts. c. Accounting policies. d. Contractual situations. e. All of the above are required supplemental disclosures 16. 17. In a statement of cash flows, receipts from sales of property, plant, and equipment and other productive assets should generally be classified as cash inflows from a. operating activities. b. financing activities. c. investing activities. d. selling activities. e. capital activities.

Explanation / Answer

15 Answer is 616000

16

Answer is Finacial forcast

17

Investing Activities

Common Stock 120000 Preferred Stock 100000 Retained earnings 384000 Accumulated other Comprehensive income 15000-3000 12000 Total Stockholder equity 616000

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