Equity section of the balance sheet

Reference no: EM13320542

Balance Sheet Presentation of Available-for-Sale Investments During 2012, Toney Corporation held a portfolio of available-for-sale securities having a cost of $196,900. There were no purchases or sales of investments during the year. The market values at the beginning and end of the year were $232,300 and $187,100, respectively.

The net income for 2012 was $181,100, and no dividends were paid during the year. The Stockholders' Equity section of the balance sheet was as follows on December 31, 2011: Toney Corporation Stockholders' Equity December 31, 2011 Common stock $41,000 Paid-in capital in excess of par value 311,000 Retained earnings 409,600 Unrealized gain on available-for- sale investments 35,400 Total 797,000 Prepare the Stockholders' Equity section of the balance sheet for December 31, 2012.

Reference no: EM13320542

Questions Cloud

Differential treatment of a person or a group of persons : Discrimination is the differential treatment of a person or a group of persons

Find is it erect or inverted : When an object is 15.5cm from a lens, an image is formed 14cm. from the lens on the same side as the object. Is it erect or inverted

What is the value of their cash and marketable securities : Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $10.2 million, current ratio = 1.70 times, inventory turnover ratio = 12.2 times, average collection period = 22 days, and sales = $102 million.

Under what circumstances is there an exception to law : under what circumstances is there an exception to the general law that an identified original section corner controls the positions of the boundary lines meeting at or passing through the corner

Equity section of the balance sheet : Balance Sheet Presentation of Available-for-Sale Investments During 2012, Toney Corporation held a portfolio of available-for-sale securities having a cost of $196,900. There were no purchases or sales of investments during the year.

Find the average force that the water exerts on the diver : A 60 kg person jumps from rest off a 5m high tower straight down into the water. find the average force that the water exerts on the diver

What is the amount dubois will receive on the sale : Dubois Inc. loans money to John Kruk Corporation in the amount of $823,200. Dubois accepts an 8% note due in 6 years with interest payable semiannually.

Estimate the force on the chimney at the bottom of chimney : The wind blows horizontally in a direction which is parallel to one of the diagonals of the cross section. Careful measurement shows that, at height y from the ground, the magnitude of the wind velocity is given

How long does david measure the train car to be : A very fast-moving train car passes you, moving to the right at 0.50c. You measure its length to be 12m. How long does David measure the train car to be

User Account

All Pages