2.99 See Answer

Question: Selected information based on the comparative

Selected information based on the comparative balance sheets for MosTechi Corporation (MosTechi), a Japanese electronics manufacturer, appears next for the years ended March 31, Years 6, 7, and 8. MosTechi applies U.S. GAAP and reports its results in millions of yen (Â¥).
Selected information based on the comparative balance sheets for MosTechi Corporation (MosTechi), a Japanese electronics manufacturer, appears next for the years ended March 31, Years 6, 7, and 8. MosTechi applies U.S. GAAP and reports its results in millions of yen (¥).


MosTechi’s other comprehensive income for Year 7 was ¥229,238; in Year 8 it was ¥40,944. During Year 8 MosTechi had net income of ¥126,328 and declared and paid dividends of ¥25,042. During Year 8 MosTechi reported a ¥3,807 decrease to retained earnings to adjust for the cumulative effect of an accounting change. Compute the missing amounts for each of the three years.

MosTechi’s other comprehensive income for Year 7 was ¥229,238; in Year 8 it was ¥40,944. During Year 8 MosTechi had net income of ¥126,328 and declared and paid dividends of ¥25,042. During Year 8 MosTechi reported a ¥3,807 decrease to retained earnings to adjust for the cumulative effect of an accounting change. Compute the missing amounts for each of the three years.





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MosTechi Corporation Balance Sheet Data March 31, Year 8, Year 7, and Year 6 March 31 Year 8 Year 7 Year 6 Common Stock .... ¥ 626,907 ¥ 624,124 ¥ 621,709 Accumulated Other Comprehensive Income Retained Earnings. Treasury Stock .... Additional Paid-In Capital Total Shareholders' Equity. . ? ? ? 1,602,654 1,506,082 (3,127) (6,000) 1,143,423 1,136,638 1,134,222 3,351,500 2,870,338


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2.99

See Answer