OCloud Corporation's suite of software products and services provides secure and scalable solutions for global companies. The following is an extract from the company's 2020 and 2019 comparative income statements and statement of financial position. The market price of OCloud's common shares was $40.21 and $38.40 on June 30, 2020, and June 30, 2019, respectively. OCloud declared dividends per common share of $0.473 and $0.412 for 2020 and 2019, respectively. OCLOUD CORPORATION Years Ended June 30, 2020, and 2019 (in thousands) Comparative Income Statement 4 Total revenues Total cost of revenues Total operating expenses Net income Statement of Financial Position Total assets Total liabilities Common share capital Total shareholders' equity Weighted average number of commons shares outstanding 2020 $2,292,471 $1,839,262 760.877 570,223 1,181,498 884,482 $272,836 $299,938 2020 2019 252,275 2019 $7,435,933 3,940,763 1,449,399 809,798 $3,495,170 $1,369,709 $5,165,034 3,795,325 245,016 There are income taxes that do not appear in the list, that would reduce net income.

OCloud Corporation's suite of software products and services provides secure and scalable solutions for global companies. The following is an extract from the company's 2020 and 2019 comparative income statements and statement of financial position. The market price of OCloud's common shares was $40.21 and $38.40 on June 30, 2020, and June 30, 2019, respectively. OCloud declared dividends per common share of $0.473 and $0.412 for 2020 and 2019, respectively. OCLOUD CORPORATION Years Ended June 30, 2020, and 2019 (in thousands) Comparative Income Statement 4 Total revenues Total cost of revenues Total operating expenses Net income Statement of Financial Position Total assets Total liabilities Common share capital Total shareholders' equity Weighted average number of commons shares outstanding 2020 $2,292,471 $1,839,262 760.877 570,223 1,181,498 884,482 $272,836 $299,938 2020 2019 252,275 2019 $7,435,933 3,940,763 1,449,399 809,798 $3,495,170 $1,369,709 $5,165,034 3,795,325 245,016 There are income taxes that do not appear in the list, that would reduce net income.

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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