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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 $ millior
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
2020
2021
2,523
??
??
54,848
4,071
1,611
1,061
1,534
72,603
??
??
?? 10,024
63
??
227
1,181
??
945
Total assets
??
31,425
-1,605
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
-977
??
1,095
1,318
??
5,315
519
??
?? 228,692
4,193
?? 212,205
16,674
??
??
368
??
Cash
9,609
6,330
Preferred stock
Note: there are no special items (from discontinued or extraordinary),
noncontrolling interests, preferred shares, etc.
2020
2021
What was total shareholders' equity
What was retained earnings
XXX
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