Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please fill out the 2022 and 2023 section of the b

Please fill out the 2022 and 2023 section of the balance sheet provided blow using...

60.1K

Verified Solution

Question

Accounting

Please fill out the 2022 and 2023 section of the balance sheet provided blow using the following information given. XYZ Company
Statement of Shareholders' Equity
Statement of Comprehensive Income
Net Income
Change in Fair Value of Investment Securities, AFS, net of tax
Other Comprehenvise Income
Comprehensive Income
Background
2022-
Net Income- $37,489
Company issued on 1215?221,000 shares of preferrred stock at $10.00 per share with cumulative rights.
Company repurchased 450 share at $16.67 per share
Company issued common cash dividend of $0.53 per share based upon end of year shares
Company gross unrealized losses on securities of $708. Current and future tax rate is 21%.
2023-
Net Income- $38,918
Company repurchased 200 share at $17.50 per share at 1015?2023
10% Common stock dividend at 1215?2023 for $10.00 per share.
Company issued cash dividend of $0.72 per share (Common & Prefered) based upon end of year shares
Company gross unrealized losses on available for securities of $2,184. Current and future tax rate is 21%.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

what is the Sarbanes-Oxley Act? Specifically, what does it address in financial reporting and auditing that...

Accounting
1.2K views

The role of accounting education is a challenging question. Is the purpose of university accounting education...

Medical Sciences
1.2K views

Robots are not a threat to the future of humanity explain.

Psychology
1.2K views

As part of an experiment on the effects of behaviour modelling, raters are evaluating the prosocial...

Statistics
1.2K views

According to the 2014 National Survey on Drug Use and Health 11 4 of adolescents...

Calculus
1.2K views

2 Which equation matches the graph below x 1 y 2 5 5 a b...

Calculus
1.2K views

Without using a calculator compute the sine and cosine of What is the reference angle...

Algebra
1.2K views

Solve the trigonometric equation for all values 0 x 16 pi 2cos 1 8 x...

Accounting
1.2K views

IRC sec. 61 defines gross income as all income from whatever source derived including but...

Accounting
1.2K views

Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below) University Car Wash built...

Accounting
1.2K views

The Carlina Company preares mber for companies who manufacture funiture. The main product is finished...