Comprehensive income
• LO18–1
Schaeffer Corporation reports $50 million accumulated other comprehensive income in its
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- Helparrow_forward← → C #becausesneaker.... HW CH 17 v2.cengagenow.com/ilrn/take... Custom Order Appendix: Income statement and earnings per share for discontinued operations Apex Inc. reports the following for a recent year: Income from continuing operations before income tax expense Loss from discontinued operations Weighted average number of shares outstanding Applicable tax rate *Net of any tax effect. Apex Inc. Partial Income Statement For the Year Ended December 31 ☆ Check My Work * I Apex Inc. Partial Income Statement For the Year Ended December 31 Earnings per common share: a. Prepare a partial income statement for Apex Inc., beginning with income from continuing operations before income tax expense. $670,000 $120,000* 60,000 40% b. Determine the earnings per common share for Apex Inc., including per-share amounts for unusual items. Enter answers in dollars and cents, rounding to the nearest whole cent. Du + : ?arrow_forward1. Evaluation of the company financial statement.arrow_forward
- ome selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Inventory 12,500 Total Assets in 2021 110,000 Current Liabilities 40,000 Total Assets in 2020 90,000 Net Profit 12,000 Shareholders' Equity 65,000 Select one: a. 0.18 b. 0.10 c. 0.13 d. 0.12arrow_forwardPls help me correctly with steps.arrow_forwardEcobank Pole Pan African Bank S 740 5523 VISA Awa Taak Financial statement analysis. 2. Given below are the summarized accounts of Helper Ltd for the past five years. These form the basis for the questions which follow. Summarized profit and loss accounts of Belper Ltd 19X5 [000 Sales Cost of sales Trading profit Depreciation Interest Net profit before tax Taxation Net profit after tax Extraordinary items. Dividends Retained profits Retained at start of year Retained at end of year Fixed assets Freehold land and buildings Leasehold land and buildings 19X4 £000 Plant and machinery Total gross fixed assets gross Depreciation freehold Depreciation leasehold Depreciation plant, etc. Total depreciation Net fixed assets THIntangible fixed assets Goodwill Ahvestments 93,930 81,750 12.180 Patents and trade marks Current assets Stock 1,023 2,727 8,430 2,517 5,913 5,913 801 5.112 14,637 19,749 Summarized balance sheets of Belper Ltd 19X4 £000 117 4,197 4,314 20.175 116,232 101,673 14,559 1,380…arrow_forward
- 18 The classified balance sheet for a company reported current assets of $811,925, total liabilities of $399,770, Common Stock of $500,000, and Retained Earnings of $65,130. The current ratio was 2.5.What is the total amount of noncurrent assets? Multiple Choice $246,795 $412,155 $324,770 $152,975arrow_forwardx Your answer is incorrect. The shareholders' equity of Crane Corporation is $98,400. Its total liabilities are $45,100. What is the amount of Crane's total assets? Total assets 373300arrow_forwardNet Sales COGS Net Income Accounts Receivable Inventory Current Assets Fixed Assets Total Assets Current Liabilities Long-Term Debt Total Liabilities Shareholder's Equity Number of Shares Outstanding now Transcribed Text 1 10586 1582 2936 3333 1 7929 7294 15223 3026 288 3314 11909 7493 G C 2 4048 2025 21 230 44 299 1281 1580 369 245 614 966 48 Questions 1. What company collects its receivables the slowest? 2 w 3 213 66 7 9 16 68 12 80 23 1 24 56 24arrow_forward
- P12-6Alternative dividend policies in the last 10 years, a company has had thanks to the earnings per share that are presented in the following table: Year Earnings per share2006 $ 4.002005 3.802004 3.202003 2.802002 3.202001 2.402000 1.201999 1.801998 -0.501997 0.25 to. If the company's dividend policy was based on a constant pay ratio of 40 percent for all years with positive earnings and 0% for years that did not achieve these gains, what would the annual dividend be for each year?b. If the company had a dividend payment of $ 1 per share, increasing $ 0.10 per share whenever the dividend payment decreased to less than 50 percent for two consecutive years, what annual dividend would it pay each year?arrow_forwardProblem 18-5 (Algo) Shareholders' equity transactions; statement of shareholders' equity; financial statement effects [LO18-6, 18-7, 18-8] Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2024-2026. At December 31, 2023, the corporation's accounts included: Common stock, 112 million shares at $1 par Paid-in capital-excess of par Retained earnings ($ in thousands) $ 112,000 672,000 910,000 a. November 1, 2024, the board of directors declared a cash dividend of $0.70 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. b. On March 1, 2025, the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that Branch-Rickie was holding as an investment. The bonds had a fair value of $2.8 million, but were purchased two years previously for $2.4 million. Because they were intended to be held to maturity, the bonds had not been…arrow_forwardI want to ask for help for the questions 59-61 thanksarrow_forward
- Individual Income TaxesAccountingISBN:9780357109731Author:HoffmanPublisher:CENGAGE LEARNING - CONSIGNMENT