Robinson Industries reported the following statement of shareholders' equity for the year ended 31 December 20X7:OtherContributedReserve re:PreferredCapital(AllSources)2,988CommonUnrealizedGains,Earnings Investments$ 98ShareShareRetainedCapital$ 9,012 $ 5,04711,504(2,565)CapitalBalance, January 1, 20X76,247Issuance of common shares for cashRetirement of common shares(1,716)(1,614)(3,207)Costs associated with equity issueStock dividend634Comprehensive incomeRetirement of preferred shares3,545(200)$ 4,77143(3,680)$ 18,585 $ 1,367(556)Balance, 31 December 20X7$716$141 2. Earnings were $4,578. How much is comprehensive income?Comprehensive income3. What amount was paid to retire common shares during the year?Common shares4-a. What amount was paid to retire preferred shares during the period?Preferred shares

In a companies' monetary reportage, comprehensive financial gain "includes all changes in equity…

Robinson Industries reported the following statement of shareholders' equity for the year ended 31 December 20X7: Other Contributed Reserve re: Capital (All Sources) Common Preferred Unrealized Share Share Retained Capital $ 9,012 $ 5,047 Gains, Earnings Investments $ 98 Capital Balance, January 1, 20X7 2,988 6,247 Issuance of common shares for cash 11,504 (2,565) Retirement of common shares (1,716) Costs associated with equity issue Stock dividend (1,614) (3,207) 634 Comprehensive income Retirement of preferred shares 3,545 43 (3,680) $ 18,585 $ 1,367 $ (556) (200) Balance, 31 December 20X7 716 $ 4,771 $141

Robinson Industries reported the following statement of shareholders' equity for the year ended 31 December 20X7: Other Contributed Reserve re: Capital (All Sources) Common Preferred Unrealized Share Share Retained Capital $ 9,012 $ 5,047 Gains, Earnings Investments $ 98 Capital Balance, January 1, 20X7 2,988 6,247 Issuance of common shares for cash 11,504 (2,565) Retirement of common shares (1,716) Costs associated with equity issue Stock dividend (1,614) (3,207) 634 Comprehensive income Retirement of preferred shares 3,545 43 (3,680) $ 18,585 $ 1,367 $ (556) (200) Balance, 31 December 20X7 716 $ 4,771 $141

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 12E

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