What was firm reported net income for the current year

Assignment Help Financial Accounting

Reference no: EM13144209

Computer World Inc.paid out$22.5 million in total dividends to shareholder during the most recent year, and in its year end-balance sheet ComputerWorld reported $278.9 million of retained earnings. What was the firm's reported net income for the current year?

Reference no: EM13144209

Questions Cloud

How wil this transaction affect the accounting equation : gomez service company paid their first installment on their notes payable in the amount of 2,000. how wil this transaction affect the accounting equation?

Why must it offset its year end inventory asset balance : A government accounts for inventory on the purchases basis. Why must it offset its year end inventory asset balance with an entry to nonspendable fund balance?

What mass of glucose can be produced : What mass of glucose can be produced from a photosynthesis reaction 6CO2(g) + 6H2O -> C6H12O6(aq) + 6O2(g) that occurs using 18.4 mol CO2? Answer in units of g.

What amount should james report as total infrequent losses : A $60,000 write-off of obsolete inventory. In its 2010 income statement, what amount should James report as total infrequent losses that are not considered extraordinary

What was firm reported net income for the current year : Computer World Inc.paid out$22.5 million in total dividends to shareholder during the most recent year, and in its year end-balance sheet ComputerWorld reported $278.9 million of retained earnings. What was firm's reported net income for the curr..

What is statute of limitation if she inadvertently omitted : What is statute of limitation if she inadvertently omitted $100,000 of income on her 2010 return? What if she omitted $120,000 of income?

Difference in the effective annual rates : Merchants Bank offers to lend you the $50,000, but it will charge 6.0%, simple interest, with interest paid at the end of the year. What's the difference in the effective annual rates charged by the two banks?

What is the most likely chemical explanation for the fact : What is the most likely chemical explanation for the fact that butter is a solid at room temperature while olive oil is a liquid?

Four accounting regulatory bodies : Examine at least four accounting regulatory bodies and discuss how an organization complies with the standards of the regulatory bodies you slecet

User Account

All Pages