The Following Ratios Have Been Computed for Southern Company for 2017

question 92

Essay

The following ratios have been computed for Southern Company for 2017. The 2017 financial statements for Southern Company with missing information follows: Instructions
Use the above ratios and information from the Southern Company financial statements to fill in the missing information on the financial statements. Follow the sequence indicated. Show computations that support your answers.

Distinguish between realized and unrealized gains and losses for various types of securities.

Recognize how dividends affect the investment account under the equity method.

Understand the requirements and principles behind consolidated financial statements, including the treatment of minority interests.

Comprehend the impact of foreign currency translation in consolidating financial statements of foreign subsidiaries.

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Definitions:

Maker

A person obligated as the payor on a promissory note. See also comaker.

Bearer Note

A type of fixed-income security that is not registered by the issuer, allowing any holder in possession to collect on it.

Draft

A preliminary version of a document or plan that is subject to revisions or editing.

Holder in Due Course

A legal term referring to a party that has acquired a negotiable instrument, like a check, in good faith and has the right to collect the face value of the instrument without any defenses.