question archive From the following information for the year 2019, prepare an income statement and a statement of shareholders' equity, under GAAP rules, for a company with shareholders equity at the beginning of 2019 of £3,270 million
From the following information for the year 2019, prepare an income statement and a statement of shareholders' equity, under GAAP rules, for a company with shareholders equity at the beginning of 2019 of £3,270 million
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From the following information for the year 2019, prepare an income statement and a statement of shareholders' equity, under GAAP rules, for a company with shareholders equity at the beginning of 2019 of £3,270 million. Amounts are in millions. Sales £4,458 Common dividends paid £140 Selling expenses £1,230 Research and development costs £450 Cost of goods sold £3,348 Share issues £680 Unrealized gain on securities available for sale £76 Income taxes (£200) Also calculate comprehensive income and net payout. Income taxes are negative. How can this be? IE
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