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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
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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