Current Attempt in Progress Your answer is partially correct. Waterway Ltd. owns land that it purchased at a cost of ¥464,000 in 2020. The company chooses to use revaluation accounting to account for the land. The land's value fluctuates as follows (all amounts in thousands as of December 31): 2020, ¥522,000; 2021, ¥417,600; 2022, *446,600; 2023, 475,600; and 2024, 533,600. Complete the following table. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Value at December 31 2020 2021 2022 2023 2024 Other Comprehensive Income 58000 (46400) (17400) 11600 69600 Accumulated Other Comprehensive Income 58000 (46400) (17400) 11600 69600 Recognized in Net Income 58000 (46400) (17400) 11600 69600

Current Attempt in Progress Your answer is partially correct. Waterway Ltd. owns land that it purchased at a cost of ¥464,000 in 2020. The company chooses to use revaluation accounting to account for the land. The land's value fluctuates as follows (all amounts in thousands as of December 31): 2020, ¥522,000; 2021, ¥417,600; 2022, *446,600; 2023, 475,600; and 2024, 533,600. Complete the following table. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Value at December 31 2020 2021 2022 2023 2024 Other Comprehensive Income 58000 (46400) (17400) 11600 69600 Accumulated Other Comprehensive Income 58000 (46400) (17400) 11600 69600 Recognized in Net Income 58000 (46400) (17400) 11600 69600

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter8: Investing Activities

Section: Chapter Questions

Problem 17PC

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