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

Accounting
1.2K views

Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...

Accounting
1.2K views

Dan loves game shows, He has been a guest on many game shows including Ellen. On...

Physics
1.2K views

Then If t 1 and English U of refractive index along the line y 8...

Geometry
1.2K views

Construct a line AB such that it is parallel to RS shown below Use only...

Basic Math
1.2K views

Click here for additional help What is the y intercept of the line shown in...

Basic Math
1.2K views

Use transformations of the graph of f(x)=x to determine the graph of the given function.g(x)=(x-6)*****Select...

Statistics
1.2K views

access the materials prior to the deadlines If you need to es it is your...

Algebra
1.2K views

10 8 6 4 a Je 25 b 20 15 10 S 10 15 20...

Algebra
1.2K views

5 Are the vectors v 1 0 1 v 0 2 0 and v 1...

Algebra
1.2K views

Jerome will be buying a used car for $10,000 in 2 years. How much money...

Accounting
1.2K views

Coffman Company issued 1,000,000 10 year 10 percent bonds January 1, 2014. The bonds sold...

Finance
1.2K views

Present value concept Answer each of the following questions, a. How much money would you...