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Matador Company is preparing its 2 0 2 2 financial statements. Matador's bookkeeper has determined Income from Continuing Operations ( ICO ) but is not
Matador Company is preparing its financial statements. Matador's bookkeeper has determined Income from Continuing Operations ICO but is not certain this number is accurate. Matador has a corporate tax rate of
Use the following information to determine the adjustments, if any, to ICO.
Hint: if you are adjusting ICO, should the adjustments be pretax or net of tax?
If you need to increase ICO, enter your answer as a positive number; for instance:
If you need to decrease ICO, enter your answer as a negative number; for instance:
If you determine no change is needed to ICO; enter
Put your answers in the provided boxes.
During Matador declared preferred dividends of $ paid $ for dividends, and received $ for dividends on availableforsale equity securities The bookkeeper did not include any of these when calculating ICO. Determine the adjustment to ICO. Matador has a corporate tax rate of
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