Business, 20.09.2019 20:30 shiba8667

Carpenter corporation reported the following statement of shareholders’ equity as of december 31, 2006: common stock at par $600,000 additional paid-in-capital 900,000 treasury stock (200,000) retained earnings 10,500,000 accumulated other comprehensive income 450,000 total = $12,250,000 during 2007, carpenter: earned net income of $1,700,000. declared dividends of $300,000. $75,000 of the dividends remain unpaid. purchased held-to-maturity securities for $100,000. the securities have a fair value of $110,000 at year-end. purchased available-for-sale securities for $250,000. the securities have a fair value of $225,000 at year-end. translated the financial statements of a foreign subsidiary and calculated a $90,000 unrealized gain. purchased treasury stock for $75,000. the stock was valued at $60,000 when issued. calculate carpenter’s retained earnings and accumulated other comprehensive income as of december 31, 2007.

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Carpenter corporation reported the following statement of shareholders’ equity as of december 31, 20...

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