How to get the Net Income from 2021 in this example picture above/below? 3 Miscellaneous financial information
Fantastic news! We've Found the answer you've been seeking!
Question:
How to get the Net Income from 2021 in this example picture above/below?
Transcribed Image Text:
3 Miscellaneous financial information Retained earnings 5 Noncontrolling interests 5 Other comprehensive income SG&A and other indirect expenses 3 Shares issued (proceeds) Shares repurchased (cost of shares) 0 Taxes paid 1 Debt issued 2 Total assets 3 Total liabilities 4 Treasury stock 5 Interest expense 6 Net income 7 Debt repaid 8 Dividends paid 9 Accumulated other comprehensive income 0 Sales 1 Additional paid-in capital 2 Cost of goods sold 3 Nonoperating income (expense) other than interest 4 Par value 5 Cash 6 Preferred stock 2020 2,523 0 ?? ?? 227 1,181 ?? 945 ?? 31,425 -1,605 ?? -977 1,095 ?? 519 ?? 4,193 ?? ?? 368 9,609 0 2021 ?? 0 63 54,848 4,071 1,611 1,061 1,534 72,603 ?? ?? 10,024 ?? 1,318 5,315 ?? 228,692 ?? 212,205 16,674 ?? 6,330 0 3 Miscellaneous financial information Retained earnings 5 Noncontrolling interests 5 Other comprehensive income SG&A and other indirect expenses 3 Shares issued (proceeds) Shares repurchased (cost of shares) 0 Taxes paid 1 Debt issued 2 Total assets 3 Total liabilities 4 Treasury stock 5 Interest expense 6 Net income 7 Debt repaid 8 Dividends paid 9 Accumulated other comprehensive income 0 Sales 1 Additional paid-in capital 2 Cost of goods sold 3 Nonoperating income (expense) other than interest 4 Par value 5 Cash 6 Preferred stock 2020 2,523 0 ?? ?? 227 1,181 ?? 945 ?? 31,425 -1,605 ?? -977 1,095 ?? 519 ?? 4,193 ?? ?? 368 9,609 0 2021 ?? 0 63 54,848 4,071 1,611 1,061 1,534 72,603 ?? ?? 10,024 ?? 1,318 5,315 ?? 228,692 ?? 212,205 16,674 ?? 6,330 0
Expert Answer:
Answer rating: 100% (QA)
Based on the information provided in the table the net income for the year 2021 is not directly shown However the table shows a value for net income i... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these finance questions
-
Question 3 (Question total: 20 marks) Davie Krocket Inc. is an MNE with its holding company located in Kentucky, USA. It has a Swiss subsidiary which has declared a dividend of five million Swiss...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
-
Explain why learning reduces the effective marginal cost of production. If firms set prices in proportion to their marginal costs, as suggested by the Economics Primer, how can learning firms ever...
-
Describe the error in finding the quantity when u = (2, 1) and v = (-3, 5) 2. u 2v = (2, -1) (-6, 10) = 2 (-6) - (-1) (10) = -12 + 10 = -2
-
Starwood Hotels & Resorts Worldwide, Inc., is one of the world's largest hotel and leisure companies, with more than 1,200 properties in 100 countries. Starwood owns, operates, and franchises hotels,...
-
Consider the following data: OLD PROPOSED NEW EQUIPMENT EQUIPMENT Original cost Useful life, in years Current age, in years Useful life remaining, in years $24,000 $12,000 8 3 5 0 3 3 Accumulated...
-
Harry, a friend of yours, is taking a course in economics, and has become confused by some of the terminology because of the way people commonly use the same words. The economics professor says...
-
5. Find the equa 6. To find the derivative of h(x) = (x32e")6 would require the chain rule. What functions, f(x) and g(x) could you use to find h'(x) if h(x) = f(g(x))?
-
Macinski Leasing Company leases a new machine to Sharrer Corporation. The machine has a cost of $70,000 and fair value of $95,000. Under the 3-year, non-cancelable contract, Sharrer will receive...
-
what is the thing to be considered when outsourcing data center functions to a local third-party service provider? how critical is to map the systems to the hundreds of servers in the data center?...
-
If s is proportional to t and s = 68.5 when t=3, what is s when t = 13? s is when t = 13. (Round to four decimal places as needed.)
-
1. Rod-shaped bacteria, some of which are endospore forming, are referred to as a. cocci. b. bacilli. c. spirals. d. vibrios. 2. Beadlike chains of cocci formed after cell division along a single...
-
11. Legionella and Neisseria are examples of a. facultative anaerobic gram-negative rods. b. gram-negative aerobic rods and cocci. c. spirochetes. d. anaerobic gram-negative cocci. 12. Staphylococci...
-
It is 8:00 a.m. and the night nurse has left. You enter the client's room as she has pressed the call light again. After you wash your hands and introduce yourself, Mrs. Jones exclaims that she has...
-
Presented below is information related to equipment owned by Suarez Company at December 31, 2027. $9,000,000 Cost Accumulated depreciation to date Expected future net cash flows Fair value 1,000,000...
-
Analyze MOH The Dit Dot Company uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company...
-
For the given transfer function: Vo(s) / Vi(s) = (s^2C^2R^2 + 1) / (s^2C^2R^2 + 4sCR + 1) Assumiing that 1/(CR) = 120 PI so write the matlab code to find the magnitude plot
-
Mallory Corporation has a calendar year-end. The corporation has paid estimated payments of $10,000 during 2012 but still owes an additional $5,000 for its 2012 tax year. a. When is the 2012 tax...
-
Mark owns his home and has a $250,000 mortgage related to his purchase of the residence. When his daughter went to college in the fall of 2012, he borrowed $20,000 through a home equity loan on his...
-
Bea Jones (age 32) moved from Texas to Florida in December 2011. She lives at 654 Ocean Way, Gulfport, FL 33707. Bea's Social Security number is 466-78-7359 and she is single. Her earnings and income...
-
Time value is the anticipation of intrinsic value being stronger than it is now. However, intrinsic value can drop. Why then can time value not be negative?
-
In concrete terms, what does the difficulty in valuing an option boil down to?
-
Show how the purchase of an option and the sale of another option can protect you against the risk of a drop in the value of the underlying share, without costing you anything if you give up the...
Study smarter with the SolutionInn App