The statement of changes in equity, from the financial statements of Forte Corp., for the year ended 31 December 20X1, is as follows (in thousands): Opening balance Comprehensive income. Transfer on realization Cash dividends Stock dividend Share issuance; options Options recorded Share retirement Closing balance. Common shares $1,500 490 190 (55) $2,125 Contributed capital: options $270 (85) 115 Retained earnings $7,000 750 75 (145) (490) (235) $300 $6,955 AOCI: AOCI: pension. investments $(1,700) (150) $(1,850) $550 450 (75) $925 Required: List the items that would be included in the SCF from these accounts for 20X1. Include the appropriate section (operating, investing, or financing). List the non-cash item disclosure. Assume that FVTOCI investments were sold for $90; carrying value was $90 on this date, your answers in thousands) but the original cost had hoon $10. The realized gain was transforred to retained earnings
The statement of changes in equity, from the financial statements of Forte Corp., for the year ended 31 December 20X1, is as follows (in thousands): Opening balance Comprehensive income. Transfer on realization Cash dividends Stock dividend Share issuance; options Options recorded Share retirement Closing balance. Common shares $1,500 490 190 (55) $2,125 Contributed capital: options $270 (85) 115 Retained earnings $7,000 750 75 (145) (490) (235) $300 $6,955 AOCI: AOCI: pension. investments $(1,700) (150) $(1,850) $550 450 (75) $925 Required: List the items that would be included in the SCF from these accounts for 20X1. Include the appropriate section (operating, investing, or financing). List the non-cash item disclosure. Assume that FVTOCI investments were sold for $90; carrying value was $90 on this date, your answers in thousands) but the original cost had hoon $10. The realized gain was transforred to retained earnings
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
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 3P: On January 1, 2019, Kittson Company had a retained earnings balance of 218,600. It is subject to a...
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