The image contains financial data from the 2021 annual report of Kaufman Chemicals, Inc. It includes sections on statements of comprehensive income and a breakdown of shareholders' equity, followed by a required calculation task.### Statements of Comprehensive Income- **Net Income** - 2021: $856 million - 2020: $766 million - 2019: $594 million- **Other Comprehensive Income** - **Change in net unrealized gains on AFS investments, net of tax:** - 2021: $34 million - 2020: ($21) million - 2019: $23 million - **Other:** - 2021: ($2) million - 2020: ($1) million - 2019: $1 million- **Total Comprehensive Income** - 2021: $888 million - 2020: $744 million - 2019: $618 million### Shareholders’ EquityThe balance sheet shows a component of shareholders’ equity as of 2021 and 2020 in millions of dollars:- **Common Stock**: $355 million (for both years)- **Additional Paid-in Capital**: $8,567 million (for both years)- **Retained Earnings**: - 2021: $6,544 million - 2020: $5,988 million- **Accumulated Other Comprehensive Income**: - 2021: $127 million - 2020: $75 million- **Total Shareholders' Equity**: - 2021: $15,573 million - 2020: $14,985 million### Required TaskDetermine how Kaufman calculated the $107 million accumulated other comprehensive income in 2021. Answer inputs are in millions and negative amounts are indicated by a minus sign.### Calculation Area- **Accumulated Other Comprehensive Income, 2020**: $75 million- **Accumulated Other Comprehensive Income, 2021 - 2020 Changes**: Pre-entered as $52 million- **Accumulated Other Comprehensive Income, 2021**: $127 millionThe calculation is to determine the difference in accumulated other comprehensive income between 2021 and 2020.

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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For this question, please refer to the Fact Pattern below (Same fact pattern as previous question). Given the set of transactions above, what was Adjusted EBITDA in 2021? O $1,107.2 O $1,082.2. O $1,068.2 $1,092.2 Activities during the year: Capital expenditures Cost of Goods Sold (excluding D&A) Dividend Payout Ratio (dividends/ net income to common shareholders) Income Tax Net Interest Expense Net Revenues Non-controlling Interest Expense (After-Tax) Litigation Expense Other Operating Expenses (excluding D&A) Purchases of intangible assets Preferred dividends Research And Development (excluding D&A) Proceeds from sale of land with book value of $15 Selling, General, & Administrative (excluding D&A) Write-down of PP&E 2021 580.0 3,256.0 40% 35% 45.6 5,800.0 25.0 97.0 16.5 45.0 5.0 56.3 20.0 1,488.0 7.0
Compute and Interpret Ratios Selected balance sheet and income statement information from Illinois Tool Works follows. $ millions 2019 2018 2017 Net operating profit after tax (NOPAT) $2,349 $2,440 Net income 2,269 2,307 Total assets 14,315 14,127 $15,941 Equity 2,875 3,091 3,091 Net operating profit after tax (NOA) 8,426 8,989 9,585 Treasury stock 17,084 15,791 14,006 a. Compute profitability measures: RNOA, ROA and ROE for 2019 and 2018 using the numbers as reported by the company. Note: Round answers to one decimal place (ex: 0.2345 = 23.5%). Metric 2019 2018 RNOA Answer Answer ROA Answer Answer ROE Answer Answer b. Adjust equity and total assets for the amount of treasury stock. $ millions 2019 2018 2017 Assets, restated Answer Answer Answer Equity, restated Answer Answer Answer Using these restated numbers, recompute RNOA, ROA and ROE for both years.Note: Round answers to one decimal…
Balance Sheet Calculations. Fermer Company's balance sheet information at the end of 2019 and 2020 is as follows: 2019 Total shareholders' equity Accumulated other comprehensive income Current liabilities Intangible assets Property, plant, and equipment (net) Current assets Total contributed capital Long-term liabilities Retained earnings Total assets Common stock, $10 par Working capital Additional paid-in capital Long-term Investments Total liabilities Current accets Cong-term investments Property, plant, and equipment (net) Intangible assets ✓ Total assets $ (a) 4,800 (b) 12,600 (c) Current abilities Long-term abilities Total liabilities Common stock 10 par Additional paid-in capital Total contributed capital Retained earnings -V Accumulated other comprehensive income 18,000 51,000 (d) Total shareholders equity Total liabilities and shareholderslequity 40,900 (e) (1) 9,900 (0) (m) (n) Additional information: At the end of 2019, additional paid-in capital is twice the amount of…
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Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets $ 644,000 533,000 2,308,000 222,000 Investments Property, plant, and equipment Intangible assets Total assets $3,787,000 Current liabilities Long-term liabilities Shareholders' equity $ 444,000 803,000 2,460,000 $3,787,800 Total liabilities and shareholders' equity The captions shown in the summarized statement above include the following: a. Current assets: cash, $161,000; accounts receivable (net), $211,000; inventory, $236,000; and prepaid insurance, $36,000. b. Investments: investment in equity securities, short term, $101,000, and long term, $171,000; and restricted cash, long term, $261,000. c. Property, plant, and equipment: buildings, $1,610,000 less accumulated depreciation, $611,000; equipment, $610,000 less accumulated depreciation, $211,000; and land, $910,000. d. Intangible assets net of amortization: patent, $121,000; and copyright, $101,000. e. Current liabilities: accounts payable,…
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199. Subject : - Accounting

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