- CFA Exams
- CFA Level I Exam
- Study Session 7. Financial Reporting and Analysis (2)
- Reading 21. Understanding Income Statements
- Subject 9. Comprehensive Income
CFA Practice Question
Assume a company's beginning shareholders' equity is $200 million, its net income for the year is $25 million, its cash dividends for the year are $5 million, and there was no issuance or repurchases of common stock. The company's actual ending shareholders' equity is $220 million. What amount has bypassed the net income calculation by being classified as other comprehensive income?
A. $0
B. $5 million
C. $25 million
Explanation: $220 - (200 + 25 - 5) = $0
User Contributed Comments 1
| User | Comment |
|---|---|
| cfastudypl | Good tricky question AN! |