Question
Use the following information to answer questions 21 and 22 Total equity was $100 at the end of 2015. During 2016, the company had net
Use the following information to answer questions 21 and 22
Total equity was $100 at the end of 2015. During 2016, the company had net income of $50, other comprehensive income of $20, declared dividends of $25, repaid debt of $15, issued new stock of $10 and had capital expenditures of $20. At the end of 2016 the company had assets of $500 and liabilities of $350.
______21) How much comprehensive income did the company have during 2016?
A. $30 B. $50 C. $70 D. some other amount
______22 In addition to the above activity the company most likely
A. Acquired treasury stock
B. reissued previously acquired treasury stock
C. sold property, plant and equipment at a loss
D. had a loss on foreign translation
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