E2.4. Preparing an Income Statement and Statement of Shareholders' Equity (Medium) From the following information for the
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E2.4. Preparing an Income Statement and Statement of Shareholders' Equity (Medium) From the following information for the year 2009, prepare an income statement and a state- ment of shareholders' equity, under GAAP rules, for a company with shareholders' equity at the beginning of 2009 of $3,270 million. Amounts are in millions.
Sales Common dividends paid Selling expenses $4,458 140 1,230 Research and development costs Cost of goods sold Share issues Unrealized gain on securities available for sale Income taxes 450 3,348 680 76 (200) Also calculate comprehensive income and net payout. Income taxes are negative. How can this be?
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Financial Statement Analysis And Security Valuation
ISBN: 9780071267809
4th International Edition
Authors: Penman-Stephen-H, Steven Penman
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