The statement of comprehensive income

Assignment Help Financial Management

Reference no: EM131868135

Can you help me with the Statement of Comprehensive Income

At December 31, 2017, the available-for-sale debt portfolio for Sheffield, Inc. is as follows. Security Cost Fair Value Unrealized Gain (Loss) A $228,375 $195,750 $(32,625 ) B 163,125 182,700 19,575 C 300,150 332,775 32,625 Total $691,650 $711,225 19,575 Previous fair value adjustment balance—Dr. 5,220 Fair value adjustment—Dr. $14,355 On January 20, 2018, Sheffield, Inc. sold security A for $197,055. The sale proceeds are net of brokerage fees. SheffieldInc. reports net income in 2017 of $1,566,000 and in 2018 of $1,827,000. Total holding gains (including any realized holding gain or loss) equal $522,000 in 2018. Prepare a statement of comprehensive income for 2017, starting with net income. SHEFFIELD, INC Statement of Comprehensive Income For the Year Ended December 31, 2017 $ 1566000 14355 $ 1580355 Prepare a statement of comprehensive income for 2018, starting with net income. SHEFFIELD, INC Statement of Comprehensive Income For the Year Ended December 31, 2018 $ 1827000 $ : $ $ $ $

Reference no: EM131868135

Questions Cloud

Amount of money earned during the mid-career employment : Determine the total amount of money earned during the mid-career employment years of 21 through 30.

Identify the fixed and variable costs : Identify the fixed and variable costs. What would be the unit price building in a 15% contingency rate?

What is interest rate risk of lower-coupon bonds : Bond J is a 4 percent coupon bond. Bond K is a 10 percent coupon bond. what is percentage price change of these bonds? interest rate risk of lower-coupon bonds?

What is the excel function for time series analysis : What is the excel function for TIME SERIES analysis? Basically, how do you preform time series analysis in excel?

The statement of comprehensive income : the Statement of Comprehensive Income. At December 31, 2017, the available-for-sale debt portfolio for Sheffield, Inc. is as follows.

What is the amount of principle and interest paid : What will be your monthly payment? What is the amount of principle and interest paid on the 25th payment?

What is the present value of the future? amounts : What is the present value of the following future? amounts?

What would be value of bond if it paid interest annually : A bond that matures in 20 years has a $1000 par value. What would be the value of this bond if it paid interest annually?

What is the current price of the common stock : Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. What is the current price of the common stock?

User Account

All Pages