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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 $ 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 I need the answers for the highlighted ones.
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 I need the answers for the highlighted ones.
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