E4-16 (L06,7) (Comprehensive Income) C. Reither Co. reports the following information for 2017: sales revenue $700,000, cost
Question:
E4-16 (L06,7) (Comprehensive Income) C. Reither Co. reports the following information for 2017: sales revenue $700,000, cost of goods sold $500,000, operating expenses $80,000, and an unrealized holding loss on available-for-sale securities for 2017 of $60,000. It declared and paid a cash dividend of $10,000 in 2017.
C. Reither Co. has January 1, 2017, balances in common stock $350,000; accumulated other comprehensive income $80,000;
and retained earnings $90,000. It issued no stock during 2017.
Instructions Prepare a statement of stockholders’ equity.
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