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Madison Makeup reported the following on its most recent financial statements (in Ş million Miscellaneous financial information Retained earnings Noncontrolling interests Other comprehensive income SG&A and other indirect expenses Shares issued (proceeds) Shares repurchased (cost of shares) Taxes paid Debt issued Total assets Total liabilities Treasury stock Interest expense Net income Debt repaid Dividends paid Accumulated other comprehensive income Sales Additional paid-in capital Cost of goods sold Nonoperating income (expense) other than interest Par value Cash Preferred stock Note: there are no special items (from discontinued or extraordinary), noncontrolling interests, preferred shares, etc. What was total shareholders' equity What was retained earnings 2020 2,523 0 ?? ?? 227 1,181 ?? 945 ?? 31,425 -1,605 ?? -977 1,095 ?? 519 4,193 2020 2021 ?? XXX 63 54,848 4,071 1,611 1,061 1,534 72,603 ?? 228,692 ?? ?? 212,205 ?? 16,674 368 ?? 9,609 6,330 0 ?? ?? 10,024 ?? 1,318 5,315 ?? 2021

Madison Makeup reported the following on its most recent financial statements (in Ş million Miscellaneous financial information Retained earnings Noncontrolling interests Other comprehensive income SG&A and other indirect expenses Shares issued (proceeds) Shares repurchased (cost of shares) Taxes paid Debt issued Total assets Total liabilities Treasury stock Interest expense Net income Debt repaid Dividends paid Accumulated other comprehensive income Sales Additional paid-in capital Cost of goods sold Nonoperating income (expense) other than interest Par value Cash Preferred stock Note: there are no special items (from discontinued or extraordinary), noncontrolling interests, preferred shares, etc. What was total shareholders' equity What was retained earnings 2020 2,523 0 ?? ?? 227 1,181 ?? 945 ?? 31,425 -1,605 ?? -977 1,095 ?? 519 4,193 2020 2021 ?? XXX 63 54,848 4,071 1,611 1,061 1,534 72,603 ?? 228,692 ?? ?? 212,205 ?? 16,674 368 ?? 9,609 6,330 0 ?? ?? 10,024 ?? 1,318 5,315 ?? 2021

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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Madison Makeup reported the following on its most recent financial statements (in $ million Miscellaneous financial information Retained earnings Noncontrolling interests Other comprehensive income SG&A and other indirect expenses Shares issued (proceeds) Shares repurchased (cost of shares) Taxes paid Debt issued Total assets Total liabilities Treasury stock Interest expense Net income Debt repaid Dividends paid Accumulated other comprehensive income Sales Additional paid-in capital Cost of goods sold Nonoperating income (expense) other than interest. Par value Cash Preferred stock Note: there are no special items (from discontinued or extraordinary), noncontrolling interests, preferred shares, etc. What was total shareholders' equity What was retained earnings 2020 2,523 0 ?? ?? 227 1,181 ?? 945 ?? 31,425 -1,605 ?? -977 1,095 ?? 519 4,193 ?? ?? 368 9,609 0 2020 2021 ?? 0 63 ?? 228,692 ?? 212,205 16,674 ?? 6,330 0 XXX 54,848 4,071 1,611 1,061 1,534 72,603 ?? ?? 10,024 ?? 1,318 5,315 ?? 2021
Transcribed Image Text:Madison Makeup reported the following on its most recent financial statements (in $ million Miscellaneous financial information Retained earnings Noncontrolling interests Other comprehensive income SG&A and other indirect expenses Shares issued (proceeds) Shares repurchased (cost of shares) Taxes paid Debt issued Total assets Total liabilities Treasury stock Interest expense Net income Debt repaid Dividends paid Accumulated other comprehensive income Sales Additional paid-in capital Cost of goods sold Nonoperating income (expense) other than interest. Par value Cash Preferred stock Note: there are no special items (from discontinued or extraordinary), noncontrolling interests, preferred shares, etc. What was total shareholders' equity What was retained earnings 2020 2,523 0 ?? ?? 227 1,181 ?? 945 ?? 31,425 -1,605 ?? -977 1,095 ?? 519 4,193 ?? ?? 368 9,609 0 2020 2021 ?? 0 63 ?? 228,692 ?? 212,205 16,674 ?? 6,330 0 XXX 54,848 4,071 1,611 1,061 1,534 72,603 ?? ?? 10,024 ?? 1,318 5,315 ?? 2021
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