CFA Practice Question

There are 534 practice questions for this study session.

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!
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