Penske Stanza Revenues .... Cost of goods sold Depreciation expense Investment income Dividends declared.. Retained earnings, 1/1/18. Current assets .... Copyrights .... Royalty agreements Investment in Stanza $(700,000) 250,000 150,000 Not given 80,000 $(400,000) 100,000 200,000 -0- 60,000 (600,000) 400,000 900,000 600,000 Not given (500,000) (600,000) ($20 par) (150,000) (200,000) 500,000 400,000 1,000,000 -0- Liabilities... Common stock Additional paid-in capital. (1,380,000) (200,000) ($10 par) (80,000)

Penske Stanza Revenues .... Cost of goods sold Depreciation expense Investment income Dividends declared.. Retained earnings, 1/1/18. Current assets .... Copyrights .... Royalty agreements Investment in Stanza $(700,000) 250,000 150,000 Not given 80,000 $(400,000) 100,000 200,000 -0- 60,000 (600,000) 400,000 900,000 600,000 Not given (500,000) (600,000) ($20 par) (150,000) (200,000) 500,000 400,000 1,000,000 -0- Liabilities... Common stock Additional paid-in capital. (1,380,000) (200,000) ($10 par) (80,000)

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.23E: Unusual income statement items Assume that the amount of each of the following items is material to...

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