Question
Exercise 4-16 Novak Co. reports the following information for 2017: sales revenue $780,200, cost of goods sold $502,500, operating expenses $86,500, and an unrealized holding
Exercise 4-16 Novak Co. reports the following information for 2017: sales revenue $780,200, cost of goods sold $502,500, operating expenses $86,500, and an unrealized holding loss on available-for-sale securities for 2017 of $51,500. It declared and paid a cash dividend of $11,020 in 2017. Novak Co. has January 1, 2017, balances in common stock $368,800; accumulated other comprehensive income $83,400; and retained earnings $92,470. It issued no stock during 2017. Prepare a statement of stockholders equity. NOVAK CO. Statement of Stockholders Equity Total Retained Earnings Accumulated Other Comprehensive Income Common Stock $ $ $ $ $ $ $ $
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