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In 2023, Microsoft Corporation reported total revenue of $211.9 billion and total expenses of $145.5 billion. The company's effective tax rate for the year was 18%. Microsoft's beginning retained earnings balance was $75.2 billion. During the year, the company paid dividends of $19.5 billion to its shareholders. Microsoft also repurchased $30.8 billion worth of its own shares as part of its stock buyback program. What was Microsoft's ending retained earnings balance for 2023? Walmart Inc. reported total assets of $244.86 billion and total liabilities of $163.53 billion at the end of its fiscal year 2023. The company's total stockholders' equity at the beginning of the year was $87.53 billion. During the year, Walmart paid dividends of $6.15 billion to its shareholders. What was Walmart's net income for fiscal year 2023?

In 2023, Microsoft Corporation reported total revenue of $211.9 billion and total expenses of $145.5 billion. The company's effective tax rate for the year was 18%. Microsoft's beginning retained earnings balance was $75.2 billion. During the year, the company paid dividends of $19.5 billion to its shareholders. Microsoft also repurchased $30.8 billion worth of its own shares as part of its stock buyback program. What was Microsoft's ending retained earnings balance for 2023? Walmart Inc. reported total assets of $244.86 billion and total liabilities of $163.53 billion at the end of its fiscal year 2023. The company's total stockholders' equity at the beginning of the year was $87.53 billion. During the year, Walmart paid dividends of $6.15 billion to its shareholders. What was Walmart's net income for fiscal year 2023?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In 2023, Microsoft Corporation reported total revenue of $211.9 billion and total expenses of $145.5 billion. The company's effective tax rate for the year was 18%. Microsoft's beginning retained earnings balance was $75.2 billion. During the year, the company paid dividends of $19.5 billion to its shareholders. Microsoft also repurchased $30.8 billion worth of its own shares as part of its stock buyback program. What was Microsoft's ending retained earnings balance for 2023? Walmart Inc. reported total assets of $244.86 billion and total liabilities of $163.53 billion at the end of its fiscal year 2023. The company's total stockholders' equity at the beginning of the year was $87.53 billion. During the year, Walmart paid dividends of $6.15 billion to its shareholders. What was Walmart's net income for fiscal year 2023?
Transcribed Image Text:In 2023, Microsoft Corporation reported total revenue of $211.9 billion and total expenses of $145.5 billion. The company's effective tax rate for the year was 18%. Microsoft's beginning retained earnings balance was $75.2 billion. During the year, the company paid dividends of $19.5 billion to its shareholders. Microsoft also repurchased $30.8 billion worth of its own shares as part of its stock buyback program. What was Microsoft's ending retained earnings balance for 2023? Walmart Inc. reported total assets of $244.86 billion and total liabilities of $163.53 billion at the end of its fiscal year 2023. The company's total stockholders' equity at the beginning of the year was $87.53 billion. During the year, Walmart paid dividends of $6.15 billion to its shareholders. What was Walmart's net income for fiscal year 2023?
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