Question
1. Capstone Corp. reported $150,000 of comprehensive income for 2014. It also reported the following: Initial retained earnings $300,000 Income from tax expenses $ 60,000
1. Capstone Corp. reported $150,000 of comprehensive income for 2014. It also reported the following:
Initial retained earnings | $300,000 |
Income from tax expenses | $ 60,000 |
End of Retained Earnings | $320,000 |
Cash Dividends Declared | $ 80,000 |
other comprehensive income | $ 50,000 |
What was Capstone's net income in 2014?
2. Capsule Corp. reported the following in 2014:
Initial retained earnings | $260,000 |
End of Retained Earnings | $290,000 |
Cash Dividends Declared | $90,000 |
Initial accumulated other comprehensive income | $20,000 |
Final accumulated other comprehensive income | $15,000 |
What was Capstone's comprehensive result for 2014?
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International Financial Reporting A Practical Guide
Authors: Alan Melville
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1292200743, 1292200766, 9781292200767, 978-1292200743
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