Please give me correct answer Procter & Gamble (P&G) reported total assets of $118.3 billion and total liabilities of $69.2billion on its balance sheet. The company's total equity at the beginning of the year was $47.8billion. During the year, P&G paid dividends of $8.9 billion to its shareholders. The companyalso issued new shares worth $1.5 billion and repurchased shares worth $5.6 billion. Whatwas P&G's net income for the year 2023? Johnson & Johnson reported total revenues of$82.6 billion for the fiscal year 2022. The company's cost of goods sold was $27.9 billion,while operating expenses amounted to $30.8 billion. Interest expense for the year was $0.9billion, and the effective tax rate was 22.8%. Johnson & Johnson also had other income of$2.1 billion. What was Johnson & Johnson's net income for the fiscal year 2022?

Procter & Gamble (P&G) We are given the following information:Total assets: $118.3…

Answered: Procter & Gamble (P&G) reported total…

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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The Harbinger Corporation reported net income of $6 million and total assets of $7 million in its current financial statements. During the year, their average number of common shares outstanding was 3 million. The current price of a share of its common stock is $5. The Harbinger Corporation’s earnings per share for the current year is approximately:
The Harbinger Corporation reported net income of $6 million and total assets of $7 million in its current financial statements. During the year, their average number of common shares outstanding was 3 million. The current price of a share of its common stock is $5. What is The Harbinger Corporation’s earnings per share for the current year?
The year-end balance sheet of Pointe Company shows average Pointe shareholders’ equity attributable to controlling interest of $7,997 million, net operating profit after tax of $2,308 million, net income attributable to Pointe of $2,513 million, and common shares issued of 760.035 million. Assume the company has no preferred shares issued. Calculate Pointe’s ROE for the year.
Accounting
Carleton Builders Ltd. recorded the following summarized transactions during the current year. a. The company originally sold and issued 108,000 common shares. During the current year 10,000 shares were repurchased from the shareholders and retired. Near the end of the current year, the board of directors declared and paid a cash dividend of $9 per share. The dividend was recorded as follows: General Journal Retained earnings Cash ($9 x 98,000) Dividend income ($9 × 10,000) Debit Credit 972,000 882,000 90,000 b. Carleton Builders Ltd. purchased a machine that had a list price of $98,000. The company paid for the machine in full by issuing 10,000 common shares (market price = $8.90). The purchase was recorded as follows: Machine General Journal Share capital ($8.90 × 10,000) Gain on purchase of equipment Debit Credit 98,000 89,000 9,000 c. Carleton needed a small structure for temporary storage. A contractor quoted a price of $777,000. The company decided to build the structure itself.…
Terrance Company reported $20,000 retained earnings at the beginning of the year. The company repurchased 200 shares at $50 per share during the year for the first time. Later, during the year the company sold 100 shares of these treasury shares for $45 per share. Terrance earned $15,000 net income during the year. The company also declared and paid dividends on 500 outstanding 4% preferred stock with $100 par value. Based on this information alone, compute the retained earnings balance at the end of the year. O $34,500 O $35,000 O $32,500 O $32,000 O $37,500
Berk Company engaged in the following investment transactions during the current year. April 1 July 1 Bought 40,000 of the 100,000 outstanding shares of Apex Company for $400,000. During the year, Apex Company reported net income of $30,000, and paid dividend of $10,000. Bought a $270 million bond with 8% interest rate. The market interest rate was 6% for bonds of similar risk and maturity. Berk paid $310 million for the bonds. The company will receive interest semiannually on June 30 and December 31. The fair value of the bonds at December 31 was $240 million. Dec 31 Required: 1. Beck has significance influence over Apex's management. On December 31, how much would Berk report as the value of its investment in Apex on the balance sheet? 2. Berk intends to actively trade the bond investment. a. Prepare the journal entries related to the bond on July 1 and on December 31. b. On December 31, how much would Berk report as the value of the bond on The balance sheet Please avoid…
2. Calculate the carrying value per share of Heritage's investment as reflected in the investment account on January 4, 2025. (Round your answer to 2 decimal places.) S Carrying value per share 3.Calculate the change in Heritage's equity from January 2, 2023, through January 5, 2025, resulting from its investment in Port. Equity 8.42 decreases by S 144.800
Sandhill, Inc. reports net income of $737800. It declares and pays dividends of $85000 for the year, one-half of which relate to the preferred shares. The weighted-average number of common shares outstanding during the year is 170000 shares, and the weighted- average number of preferred shares outstanding during the year is 8500 shares. Earnings per share for Sandhill, Inc. is:
The following transactions occurred last year at Jost Company: Issuance of shares of the company’s own common stock $170,000 ; Dividends paid to the company’s own shareholders $7,000; Dividends received from investments in other companies’ shares $4,000; Interest paid on the company’s own bonds $11,000; Repayment of principal on the company’s own bonds $40,000; Proceeds from sale of the company’s used equipment $23,000; Purchase of land $120,000 . Based solely on the above information, the net cash provided by financing activities for the year on the statement of cash flows would be: a.$112,000 b. $123,000 c. $375,000 d. $19,000
McDonnell-Myer Corporation reported net income of 3180 million. the company had 584 million common shares outstanding at January 1 and 24 Million shares on Feb 28. as part of an annual share repurchase plan, 6 million shares were retried on April 30 for 43 per share. Calculate McDonnell-Myers earning per share for the year?

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